As a seasoned analyst with a knack for deciphering market trends and a keen interest in cryptocurrencies, this partnership between Venmo and MoonPay is an intriguing development that I find myself closely watching. With over 60 million monthly active users, Venmo’s entry into the crypto sphere could potentially catalyze wider adoption of digital assets among the general public.
As a crypto investor, I’m thrilled to hear that my go-to platform, Venmo, has teamed up with MoonPay. This collaboration will open up smoother and more convenient crypto transaction opportunities for the 60 million of us who use Venmo every month.
As per the latest announcement, qualified American individuals now have several options to deposit funds into their MoonPay accounts – this includes linking their Venmo balance, bank accounts, credit cards, and debit cards. Unfortunately, this service is not accessible for residents of New York and Texas at the moment.
After the announcement on October 16th, the value of XRP/USDT rose by 1.20%, peaking at $0.5482 within a day. But as we speak, it has slightly decreased by 1.05% to $0.5456, based on information from CoinMarketCap.
Additionally, Moonpay recently formed a significant collaboration with PayPal, providing approximately 426 million users with entry to more than 100 different digital assets.
Through the new partnership, users in all 50 U.S. states can now perform MoonPay transactions using their PayPal balance, direct bank withdrawals, or debit cards. By May 2024, approximately half of these American users will have utilized the PayPal integration.
Also: Polymarket Partners with MoonPay to Enhance Payment Options
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2024-10-17 23:32