Integration for US Users
MoonPay, a crypto payment platform, now allows US users to buy and sell over 110 cryptocurrencies using PayPal. This integration makes it easier for new MoonPay users who already have a PayPal account.
Benefits of the Partnership
- Increased Security: PayPal provides an extra layer of security by not disclosing full financial details during transactions.
- Convenience and Speed: Users can fund purchases directly from their PayPal accounts without creating additional accounts or entering payment information.
- Flexibility and Choice: MoonPay offers a wide range of payment methods, including PayPal, and supports over 110 tokens.
Availability
PayPal is currently available to MoonPay users in the United States, and the integration will be extended to MoonPay’s partner networks by mid-2024.
Other Recent Developments
- In 2023, Binance.US partnered with MoonPay to address regulatory challenges.
- Coinbase announced plans to list PayPal’s stablecoin, PYUSD.
- Kraken added PYUSD trading options.
- PayPal’s Blockchain Research Group proposed a solution for more sustainable Bitcoin mining.
Current Market Update
As of writing, Bitcoin has rebounded to $59,000 after a recent decline. Over the past 24 hours, it has seen a price increase of 3.4%, but remains down by 7.7% over the past seven days.
