A brand new partnership has allowed MoonPay users to buy cryptocurrencies through PayPal. Indeed, the FinTech company has now expanded the ways in which its United States user base can acquire digital assets.
The company announced its new “seamless fiat-to-crypto” offerings through the partnership. Moreover, a press release states that MoonPay is now the “very first on-and off-ramp provider to integrate PayPal,” enhancing how US customers purchase cryptocurrencies.
Also Read: PayPal Approved to Offer Crypto Services in the UK
MoonPay and PayPal Announce New Integration
Source: MoonPay
There is no denying that 2024 has seen increased interest in digital assets as a whole. The year began with a plethora of Spot Bitcoin ETF approvals in January. From there, no shortage of companies and institutions have begun their initial forays into the sector.
That has continued through what will be a game-changing integration for many digital asset investors. Specifically, MoonPay has announced that its users can now buy crypto with PayPal. Indeed, the financial tech company and the digital payment giant have engaged in a groundbreaking integration.https://x.com/moonpay/status/1786020717798002980
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The partnership will allow US customers to utilize PayPal to purchase crypto. This will take place using PayPal through a wall transfer, bank transfer, and debit card transactions according to the announcement. Moreover, the partnership provides a benefit to both entities.
PayPal has a remarkable reach, with more than 426 million users worldwide. However, MoonPay is certainly proven to boast a wide user base in its own right. Focusing solely on digital assets, the company currently has more than 15 million users.
The integration will allow PayPal to explore another avenue of entry into the sector. Moreover, it will allow MoonPay the ability to make the purchasing of cryptocurrencies easier for investors throughout the United States.