PayPal Cryptocurrency Purchases Now Enhanced Supported By MoonPay

Key Points:

• MoonPay and PayPal unite, granting US users access to 100+ cryptocurrencies.
• PayPal broadens its crypto selection, now including Solana, Tether, Dogecoin, and more.
• The partnership aims to streamline PayPal cryptocurrency purchases, enhancing accessibility and security.

MoonPay, a leading cryptocurrency buying app, has joined forces with fintech behemoth PayPal, enabling United States residents to access over 100 cryptocurrencies effortlessly.

PayPal Cryptocurrency Purchases Expanded With MoonPay Partnership

This collaboration marks a significant milestone in the crypto landscape, allowing MoonPay users to utilize PayPal for wallet transfers, bank transactions, and debit card purchases.

Previously, PayPal users were limited to a handful of digital assets, including Bitcoin, Ethereum, Litecoin, PayPal USD, and Bitcoin Cash. However, with this new partnership, PayPal cryptocurrency purchases will be expanded to an extensive array of options, including Solana, Tether, Dogecoin, Cardano, Polygon, and more.

MoonPay’s integration with PayPal positions the cryptocurrency infrastructure firm as the premier on and off-ramp provider to incorporate the payment giant’s services. This strategic move aims to streamline PayPal cryptocurrency purchases, providing a seamless pathway for buying and selling cryptocurrencies.

Notably, this partnership leverages PayPal’s extensive reach, boasting over 426 million active accounts globally, coupled with MoonPay’s user base exceeding 15 million. MoonPay users also benefit from the security offered by PayPal, ensuring the confidentiality of financial information during transactions.

How MoonPay and PayPal Are Redefining Crypto Transactions

Ivan Soto-Wright, co-founder and CEO of MoonPay, emphasized the significance of this collaboration, stating, “By integrating PayPal, we are enabling consumers to transact with crypto in an already familiar environment, significantly lowering the barrier to entry for new users.”

MoonPay specializes in facilitating fiat-to-crypto transactions, offering a range of payment options such as debit/credit cards, mobile payments via Apple and Google Pay, bank transfers, and local payment methods tailored to specific jurisdictions.