Cryptocurrency

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/paypal-forms-crypto-partnership-with-moonpay/" data-wpel-link="internal">PayPal Forms Crypto Partnership with MoonPay</a><br></p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/bitcoins-price-response-to-employment-data-and-etf-inflows/" data-wpel-link="internal">Cryptocurrency</a> partnerships continue to make significant impacts recently. Despite the fourth halving event, the crypto market is still considered to be in its early stages, with companies vying for a position. It has been announced that a cryptocurrency-focused partnership has been established between PayPal, one of the world’s largest fintech companies, and MoonPay.</p> 
<h2 style="text-align: justify" id="details-of-the-crypto-partnership">Details of the Crypto Partnership</h2> 
<p style="text-align: justify">According to the announcement made by the two giant companies on Thursday, a partnership has been formed between MoonPay, a cryptocurrency trading application, and PayPal (PYPL), one of the world’s largest fintech companies.</p> 
<p style="text-align: justify">According to the press release, the partnership will allow individuals in the US using MoonPay to purchase cryptocurrencies seamlessly via PayPal, through wallet transfers, bank transfers, and bank cards.</p> 
<p style="text-align: justify">It is known that PayPal serves over 426 million active accounts worldwide. The crypto-focused company MoonPay is known to have more than 15 million users, which is considered a significant number.</p> 
<p style="text-align: justify">Ivan Soto-Wright, co-founder and CEO of MoonPay, called the situation “symbiotic”.</p> 
<p style="text-align: justify">The CEO also clarified that their application facilitates access to cryptocurrencies and emphasized that the scope of PayPal will now cover all popular tokens, not just a limited number of major cryptocurrencies.</p> 
<p style="text-align: justify">Soto-Wright stated that the partnership is not limited to a single integration like PayPal’s with the Web3 wallet MetaMask, but also that PayPal will serve embedded within MoonPay’s infrastructure.</p> 
<p style="text-align: justify">In an interview, Soto-Wright said:</p> 
<blockquote> 
 <p>“We are the first company to do this with PayPal, and it was a long process to get them comfortable. We are processing billions of dollars in transactions in cryptocurrency through bank and credit cards, and we believe this will be a big step for us in reaching more customers, including those whose cards may have been rejected by their banks. It’s not anyone’s fault; it’s just the banks; banks sometimes reject crypto companies.”</p> 
</blockquote> 
<h2 style="text-align: justify" id="how-much-is-1-bitcoin-now">How Much is 1 Bitcoin Now?</h2> 
<p style="text-align: justify">While the partnership news from the market is exciting, all eyes were also on <a href="https://en.coin-turk.com/bitcoin-investors-face-exhausting-patience-test-according-to-expert-it-could-continue-6-more-months-if-fed-doesnt-stop/" data-wpel-link="internal">BTC</a>. Following the interest rate decision yesterday, BTC had risen to $59,600 but then fell back to $56,500.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-347147" src="https://coin-turk.com/wp-content/uploads/2024/05/bitcoin-grafik-fiyat-gorunum-coin-turk-com.png" alt="" width="1262" height="541"></p> 
<p style="text-align: justify">As of the time of writing, BTC is trading in the $58,400 region. During this period, <a href="https://en.coin-turk.com/cryptocurrency-market-update-the-latest-on-bitcoin-xrp-and-litecoin/" data-wpel-link="internal">Bitcoin</a>‘s market cap has risen to $1.15 trillion while its trading volume has fallen to $40 billion, which represents a 10% decrease.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/paypal-forms-crypto-partnership-with-moonpay/" data-wpel-link="internal">PayPal Forms Crypto Partnership with MoonPay</a></h5>

PayPal Forms Crypto Partnership with MoonPay

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