MoonPay and PayPal unite to streamline fiat-to-crypto transactions for US users

MoonPay and PayPal unite to streamline fiat-to-crypto transactions for US users

Share this article

PayPal has partnered with MoonPay to introduce a new fiat-to-crypto transaction service for US customers, according to a press release published today by MoonPay. The collaboration marks MoonPay as the first on- and off-ramp provider to incorporate PayPal’s payment system, enhancing the ease of purchasing crypto.

With the new integration, US-based PayPal users can now utilize their accounts to buy crypto directly on MoonPay, using PayPal Balance, bank withdrawals, or debit cards. This integration also aims to eliminate the need for manual data entry, simplifying the process for existing PayPal customers.


Ivan Soto-Wright, MoonPay’s co-founder and CEO, said the partnership with PayPal will provide a familiar transaction environment and lower the entry barrier for new crypto users.

“Now more than ever consumers are exploring different avenues of financial systems–whether that be crypto, retail investing, or digital banking–and this partnership underscores our deep commitment to collaborating with trusted partners in the ecosystem to expand their access,” Soto-Wright said.

“By integrating PayPal, we are enabling consumers to transact with crypto in an already familiar environment, and significantly lower the barrier to entry for new users,” he added.

The service offers several advantages, including a wide selection of payment options, access to over 110 tokens, and the convenience of purchasing without additional account setup.

PayPal’s integration with MoonPay is currently available to US consumers and is expected to extend to MoonPay’s partner networks by mid-2024, stated MoonPay.

MoonPay is no stranger to the crypto sector. Launched in 2019, the fintech firm is well-known for its user-friendly platform that allows seamless buying and selling of popular cryptos like Bitcoin and Ethereum using a variety of convenient payment methods, including credit cards, bank transfers, and popular mobile wallets like Apple Pay and Google Pay.

MoonPay announced last month that it expanded its partnership with Ledger to include Swaps and Sell, aiming to significantly improve the ease of use for crypto users in 2024. Despite a competitive fintech landscape, MoonPay remains confident in its user-centric approach and plans to expand its platform to support a wider range of digital assets.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight – and oversight – of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source link


Be the first to comment

Leave a Reply

Your email address will not be published.