- MoonPay partners with PayPal (NASDAQ:PYPL) to facilitate crypto transactions for U.S. users.
- Users can buy cryptocurrencies through MoonPay using PayPal accounts.
- PayPal provides an added layer of security.
MoonPay has taken a positive step in its cryptocurrency services, partnering with PayPal to facilitate crypto-fiat transactions for U.S. residents. With this integration, US-based users of the FinTech app can purchase cryptocurrency through PayPal.
MoonPay disclosed this news on its X account, saying, “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.!”
In a separate post on its website, MoonPay stated that this collaboration will allow U.S. customers to buy digital assets using their existing PayPal accounts. In addition, they can automatically initiate direct bank withdrawals or use a debit card, making the transaction process simpler.
Moreover, PayPal provides an added layer of security, meaning users can conduct cryptocurrency transactions without sharing complete financial information.
Ivan Soto-Wright, co-founder and CEO of MoonPay, comm…
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