MoonPay and PayPal team up on crypto purchases

abdelaziz Fathi

Crypto infrastructure provider MoonPay announced today that its users in the United States can now engage in buying and selling more than 110 cryptocurrencies with PayPal.

MoonPay and PayPal team up on crypto purchases

The integration is said to address issues related to declined crypto purchases via debit card, with MoonPay asserting that it will improve the success rate of crypto transactions, even when using the same debit card. Furthermore, existing PayPal users will no longer need to manually input their card information when buying cryptocurrencies on MoonPay.

According to the press release, MoonPay users will not be limited to PayPal purchases solely with the PYUSD stablecoin or ether. Instead, they will have the flexibility to buy and sell more than 110 coins and tokens.

Roughly half of MoonPay’s customers in the U.S. are expected to benefit from this integration. Moreover, the company plans to extend its PayPal integration to users in the United Kingdom and the European Union in the near future.

MoonPay claims to be the first provider to integrate with PayPal for both on and off-ramp services, highlighting the integration’s availability to users on all of MoonPay’s partner platforms. This sets MoonPay apart from a crypto exchange with PayPal integration, like Coinbase.

MoonPay is a Miami-based crypto payments company that values itself at $3.4 billion. The firm is backed by investments from NBA star Paul George, former tennis star Maria Sharapova, and musicians Drake and Justin Bieber. The firm enforces basic know-your-customer (KYC) checks, such as providing personal information for verification.

MoonPay’s payments infrastructure provides a straightforward experience for investors to convert between fiat, cryptocurrency and non-fungible tokens (NFTs), further lowering the barrier to entry into the world of web3 early investing.

Earlier this month, MoonPay partnered with crypto hardware wallets provider Ledger to introduce new features and products to sweeten their service offerings.

The new features include the integration of MoonPay’s instant crypto purchasing and token swap capabilities into Ledger’s platform, Ledger Live.

Additionally, Ledger Academy will expand its educational offerings with new self-paced crypto trading tutorials that will also cover MoonPay’s services, the companies said.

Read this next

Interviews

Exclusive: Autochartist CEO Ilan Azbel Delivers Insight on AI at iFX EXPO LATAM 2024

In an insightful interview with FinanceFeeds at iFX EXPO LATAM 2024, Ilan Azbel, CEO of Autochartist, discussed the evolution of trading technology, effective trader engagement strategies, the integration of AI in trading analytics, and the cautious approach of regulated brokers towards its adoption.

Market News

Weekly data: Oil and Gold: Price review for the week ahead.

This preview of weekly data looks at USOIL and XAUUSD where economic data coming up later this week are the main market drivers for the near short-term outlook.

Crypto Insider

Octa’s insights: the approval of spot Ethereum ETFs is not going as planned.

The approval of spot Bitcoin exchange-traded funds (ETF) by the U.S. Securities and Exchange Commission (SEC) in January 2024 triggered a substantial rise in the bitcoin price. Also, interest in the proposed spot Ethereum ETF has increased

Industry News

Bursa Malaysia introduces Trading Reminders

The Trading Reminder flag aims to alert investors to exercise caution when encountering a stock displaying persistent unusual price and/or volume movements after the listed company’s UMA response.

Industry News

21 Republican representatives want to “End the Fed”

“Americans are suffering under crippling inflation, and the Federal Reserve is to blame.”

Retail FX

Scope Markets launches unleveraged trading

“Whilst our traditional contract for difference (CFD) products continue to prove incredibly popular, the Invest account is unleveraged and only allows ‘long’ positions to be taken, a combination that significantly reduces the risk of capital losses.”

blockdag

Unlocking Profit Potential: Earn Returns with DecodeEX Experience Bonus!

DecodeEX, the innovative brokerage subsidiary of Decode Global, announced its experience bonus campaign, offering every user the opportunity to maximize their strategic trading potential with up to $10,000 in experience bonus. 

Market News

Pretiorates’ Thoughts 28 – Precious metals and base metals out of control

Ten days ago we mentioned in Pretiorates’ Thoughts 26: Chapter 2 should start with Precious Metals.

Retail FX

Webull launches discount brokerage in Malaysia

“Making investing more inclusive and accessible to all, Webull Malaysia brings best-in-class tools and information to empower investors of all levels with knowledge and skills to help them make better investment decisions and achieve their investment goals.”

<