MoonPay integrates PayPal to simplify US crypto transactions

As a researcher with a background in fintech and cryptocurrencies, I’m thrilled about MoonPay’s recent partnership with PayPal that allows U.S. users to buy and sell over 110 different cryptocurrencies directly within the PayPal app.

MoonPay revealed recently that American users on its platform are now able to purchase and sell over 110 different cryptocurrencies using PayPal as a payment method.

Adding cryptocurrency transactions as a feature in the PayPal app may allow users to bypass certain banking limitations when making related purchases.

A representative from MoonPay pointed out that bank limitations can lead to failed transactions when attempting to use direct debit cards for cryptocurrency purchases. By partnering with PayPal, MoonPay’s users can now enjoy higher success rates as they process these transactions through the more accommodating PayPal system instead.

MoonPay announced that PayPal customers can buy cryptocurrencies through them with the convenience of not having to share their personal details or payment card information directly with MoonPay, thus simplifying the transaction process.

πŸŒ™ Exciting news from MoonPay! πŸ’³

Today, we’re thrilled to announce a game-changing integration: MoonPay has partnered with @PayPal to offer seamless fiat-to-crypto transactions for users in the U.S.!


β€” MoonPay 🟣 (@moonpay) May 2, 2024

As a researcher exploring the history of PayPal’s digital currency offerings, I discovered that previously, PayPal users were provided with the opportunity to acquire various cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), PayPal USD (PYUSD), Bitcoin Cash (BCH), and Litecoin (LTC).

As a cryptocurrency market analyst, I’m excited to share that my platform has recently formed a partnership with MoonPay, leading to an expansion of the offered cryptocurrencies. Now, users can easily transact in Solana (SOL), Tether (USDT), Dogecoin (DOGE), Cardano (ADA), and Polygon (MATIC), alongside various other digital assets.

MoonPay unveiled a fresh integration, enabling customers residing in all 50 US states to buy cryptocurrencies effortlessly via the PayPal platform by leveraging their account balances, direct bank transfers, or debit cards.

As of the latest update, half of PayPal’s U.S. users have access to this enhanced functionality.

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2024-05-02 17:59