Ethereum

United

PayPal USD

when

With the new partnership deal between MoonPay and Paypal, United States residents can now buy and sell over 100 different cryptocurrencies like <a href="https://coingape.com/crypto-prices-today-may-2-bitcoin-at-57k-ethereum-continues-decline-solana-recovers/" rel="noopener noreferrer nofollow">Bitcoin (BTC) and Ethereum</a> (ETH) using Paypal transfers via wallet, bank transfers, or debit cards.
<h2 id="strong-the-moonpay-and-paypal-alliance-strong">The MoonPay and PayPal Alliance</h2>
In the past, PayPal users could buy digital assets like Bitcoin, Ethereum, Litecoin, PayPal USD, and Bitcoin Cash.&nbsp;They now get to choose from a wider range of options which include Solana (SOL), Tether (USDT), Dogecoin (DOGE), Cardano (ADA), Polygon (MATIC), and more.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 3⃣MoonPay allows PayPal users to buy and sell 110+ cryptocurrencies, not just limited options like PYUSD or ETH!
 — MoonPay <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e3.png" alt="🟣" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@moonpay) <a href="https://twitter.com/moonpay/status/1786018102779482446?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 2, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
This collaboration makes the cryptocurrency infrastructure firm the first on and off-ramp provider to integrate Paypal, per MoonPay’s X post. By making this move, MoonPay says it is revolutionizing the crypto experience for PayPal users by providing them with a frictionless pathway to buy and sell cryptocurrency.&nbsp;
With this offering, Paypal’s 436 million+ users are guaranteed to initiate fiat-to-crypto transactions through wallets, bank transfers, or debit cards using a PayPal account, according to MoonPay. Ivan Soto-Wright, MoonPay co-founder and CEO touted the new service as a superior experience to what is obtainable on other existing platforms.&nbsp;
He identified trading platforms that only allow their customers access to a few digital assets like one ETH or the <a href="https://coingape.com/breaking-paypal-launches-usd-stablecoin-pyusd-pushing-crypto-payments/" rel="noopener noreferrer nofollow">PayPal USD</a> stablecoin that was launched a few months ago. Overall, Soto-Wright sees the integration with PayPal as having a notable impact on conversion rate.
“Many traditional banks do not allow users to purchase crypto on debit/credit cards, but when users pay with PayPal, using that same card, we have already seen a dramatic increase in the success rate of transactions,” the MoonPay CEO highlighted.
<h2 id="strong-moonpay-pushing-more-into-crypto-strong">MoonPay Pushing More Into Crypto</h2>
Notably, the Paypal-MoonPay integration takes away the banking rule barrier presented by traditional financial institutions. Furthermore, PayPal customers will not need to separately provide their personal or card information to MoonPay before they can buy cryptocurrency.
Amidst all these, MoonPay boasts of offering users a lot of convenience, laced with greater flexibility and choice, a variety of token support, and onboarding. It was only a few weeks ago that the <a href="https://coingape.com/moonpay-and-ledger-roll-out-enhanced-crypto-trading-features/" rel="noopener noreferrer nofollow">crypto firm partnered with Ledger</a>, a provider of crypto hardware wallets.&nbsp;
The collaboration aims to enhance the cryptocurrency trading experience via the addition of new features to Ledger’s platform,&nbsp;Ledger&nbsp;Live.
The post <a href="https://coingape.com/moonpay-expands-to-us-in-new-alliance-with-paypal/" rel="noopener noreferrer nofollow">MoonPay Expands To US In New Alliance With PayPal</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

MoonPay Expands To US In New Alliance With PayPal

Table of Contents

Coingape News Media

Other articles published on May 2, 2024

European Banking Giant BNP Paribas Invests in Blackrock Bitcoin ETF

Massive $43M Crypto Ponzi Scheme Uncovered In New York, Leading To Wire Fraud Arrest

Crucial May 6 Reply Brief: Ripple (XRP) vs. SEC Could Determine Future of Institutional Sales

MicroStrategy Orange; A Bitcoin-Based Decentralized ID Platform

Analysts Eye Potential Dogecoin Rally Amid 27% Monthly Dip

Impact of FOMC Meeting on Cryptocurrency Market: Latest Developments for Bitcoin (BTC) and Ethere...

Join our free newsletter for daily crypto updates!