MoonPay launches new payment option via PayPal
Key Takeaways
- MoonPay introduces PayPal as a new payment option for US customers.
- Ivan Soto-Wright, CEO of MoonPay, highlights the benefits of using PayPal over traditional banks, noting that transactions using the same card have a higher success rate.
- MoonPay plans to expand its PayPal integration to include the UK and EU markets.
MoonPay, a cryptocurrency payment platform, has strengthened its service offerings as follows. Integrates PayPal as a payment option.
This new feature, released on May 2nd, US customers can use their PayPal account to buy and sell over 110 different cryptocurrencies, including Bitcoin.
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MoonPay, founded in 2019 and backed by Tiger Global, You can easily convert fiat currency to cryptocurrency. Supports various payment methods These include debit and credit cards, mobile payments through Apple and Google Pay, and local payment options based on your location.
Ivan Soto-Wright, co-founder and CEO of MoonPay, emphasized that this significantly improves the user experience. He noted: While traditional banks often block cryptocurrency purchases via cards, transactions made through PayPal using the same card have a much higher success rate.
This feature is currently available to 50% of MoonPay customers. We plan to expand to the UK and European Union (EU) markets.
This PayPal integration matches that of MoonPay. Strategies to collaborate with major payment providers and cryptocurrency exchanges; Such as Mastercard and Binance.US.
This initiative is a further step forward in providing a more comprehensive and efficient platform for cryptocurrency trading and expands to include a wider range of partners through MoonPay’s app and desktop application.
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