The post MoonPay Partners with PayPal to Simplify Crypto for Millions in the UK and EU appeared on BitcoinEthereumNews.com.

As part of joining forces to help more people use digital currencies, MoonPay, a key global cryptocurrency payment infrastructure company, launches its collaboration with PayPal, and extends its integration with the platform to its European Union and United Kingdom customers. . Cross-Border Transactions With Ease MoonPay and PayPal partnership makes it easy to purchase cryptocurrencies, as your PayPal account can now be directly used in your transactions inside the app. This integration will address growing consumer demand to purchase digital assets in a simple, intuitive way.  According to MoonPay co-Founder and CEO Ivan Soto-Wright, this is part of the company’s initiative to “smooth the process and decrease the barriers to entry for new users across the globe,” which will be a step-change towards making cryptocurrency payments as common as any other type of online purchase. This entrance into European comes after successfully launching in the U.S. which made the service available to users across the continent and represents a strategic decision for MoonPay.  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 The new service will allow merchants to accept PayPal as a payment option, which can pull in funds from a customer’s direct PayPal account, a PayPal-attached bank account or their linked debit card. Such flexibility not only provides user experience robustness, but also significantly widens the access of cryptocurrencies to a different category of users. This initiative falls in line with an increased acceptance of Fintech and digital currencies, highlighting a new crossroads in the ever-changing landscape of financial services, and bridging the traditional and modern methods of finance.  This is an observation that was also called out in the statement from MoonPay…

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Filed under: News - @ June 13, 2024 11:26 am