• MoonPay announced that users in the U.S. can now buy and sell over 110 cryptocurrencies with PayPal.
• Roughly half of MoonPay’s customers in the U.S. can currently take advantage of the PayPal integration.
• MoonPay plans to expand its PayPal integration to users in the United Kingdom and European Union in the near future.
Cryptocurrency continues to grow in popularity and accessibility. MoonPay, a leading cryptocurrency payments provider, has just announced an integration with PayPal that will make buying crypto even easier for users in the United States.
Integration Allows Crypto Purchases With PayPal
The new integration will allow MoonPay users to buy and sell over 110 different cryptocurrencies directly through PayPal. This provides a couple of major benefits:
- Preventing declined transactions – Using PayPal instead of a debit card significantly increases the chances of a successful crypto purchase, even when using the same debit card.
- Streamlined checkout – Existing PayPal users won’t need to manually input their card information when buying crypto through MoonPay.
Over 50% of MoonPay’s US Users Can Utilize Integration
While not every MoonPay user will have access to crypto-PayPal purchases right away, the company says around half of their US customer base will be able to take advantage of it currently.
MoonPay plans to expand the PayPal integration to users in the UK and EU in the near future.
MoonPay Differentiates Itself From Other Crypto-PayPal Integrations
MoonPay touted being the first crypto on-and-off ramp to offer PayPal integration. They say this sets them apart from exchanges like Coinbase with PayPal integration, since MoonPay users across all partner platforms can leverage PayPal purchases.
PayPal also has its own native on-and-off ramp product, but the MoonPay integration provides another option for convenient crypto buying.
Conclusion
The MoonPay and PayPal integration marks a continued push towards making cryptocurrency more accessible. By streamlining the buying process and expanding payment options, MoonPay is likely to attract new crypto users and increase adoption.
