MoonPay integrates PayPal for crypto purchases in the UK and EU
The post MoonPay integrates PayPal for crypto purchases in the UK and EU appeared on BitcoinEthereumNews.com.
MoonPay integrates PayPal for EU and UK crypto purchases using fiat. PayPal, the third most popular payment method in the US, brings convenience to MoonPay. MoonPay’s move aims to lower entry barriers and foster trust among its growing user base. MoonPay, a leading cryptocurrency payments platform, has announced the integration of PayPal as a new fiat on-ramp for its users in the European Union and the United Kingdom. Buying crypto with PayPal is going global! MoonPay users in 24 EU member states and the UK can now buy 100+ cryptocurrencies using their PayPal account. pic.twitter.com/FtHiJ6u21e — MoonPay 🟣 (@moonpay) June 12, 2024 This move will allow customers to use PayPal to purchase cryptocurrencies on the MoonPay platform, providing a seamless and convenient user experience. Initially available to 1% of European users, a full rollout across the region is expected soon, though residents of Croatia, Iceland, and Hungary will not have access to this service. MonnPay expanding crypto access with PayPal integration MoonPay’s decision to integrate PayPal stems from the latter’s significant popularity in the United States, where it ranks as the third-most commonly used payment method after Apple Pay and traditional bank cards. By offering PayPal as a payment option, MoonPay aims to lower the barriers to entry for new users, making it easier and more convenient for them to purchase cryptocurrencies. Ivan Soto-Wright, CEO and co-founder of MoonPay emphasized that this move will provide a frictionless experience and increase trust among its growing customer base. In the United States, MoonPay already offers PayPal as a payment method in 48 states, with New York and Texas being the exceptions. The integration is part of MoonPay’s broader strategy to enhance its services and cater to the diverse needs of its global user base. By incorporating PayPal, MoonPay leverages a widely trusted…
Filed under: News - @ June 12, 2024 10:10 pm