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MoonPay has formed a new partnership with PayPal, which will allow its customers in the United States to purchase cryptocurrencies like Dogecoin directly from their account.
Summary
MoonPay and the partnership with PayPal for the purchase of crypto like Dogecoin
The fintech company MoonPay has announced its new partnership with PayPal to allow its customers in the United States to purchase cryptocurrencies like Dogecoin.
🌙 Exciting news from MoonPay! 💳
— MoonPay 🟣 (@moonpay) May 2, 2024
Today, we're thrilled to announce a game-changing integration: MoonPay has partnered with @PayPal to offer seamless fiat-to-crypto transactions for users in the U.S.!
🧵👇 pic.twitter.com/N3kobMR2ru
“Exciting news from MoonPay! Today we are thrilled to announce a groundbreaking integration: MoonPay has partnered with @PayPal to offer seamless fiat to crypto transactions to users in the United States!”
Basically, with this partnership, users will be able to buy and sell all of the over 110 cryptocurrencies offered by MoonPay, directly from their PayPal account.
This is a simplification for all MoonPay customers who have a PayPal account and use it for online transactions. On the other hand, MoonPay also benefits from the security of PayPal, which never shares all the financial information of a transaction.
MoonPay teams up with PayPal to facilitate transactions of over 110 cryptocurrencies, including Dogecoin
MoonPay is the first on and off-ramp service provider to integrate PayPal, thus revolutionizing the crypto experience.
And in fact, now, PayPal users can go beyond the limited crypto options offered by PayPal such as PYUSD or ETH.
Moreover, they will be able to perform transactions with Solana, Dogecoin, Cardano, Polkadot, Chainlink, and other cryptocurrencies directly from their account, using their PayPal balance or direct bank withdrawal or debit card, all without manually entering the necessary information.
On this note, Ivan Soto-Wright, co-founder and CEO of MoonPay, stated:
“PayPal has always been at the forefront of revolutionizing global commerce. Today more than ever, consumers are exploring different avenues of financial systems – whether it’s cryptocurrencies, retail investments, or digital banks – and this partnership underscores our deep commitment to collaborating with trusted partners in the ecosystem to expand their access. By integrating PayPal, we enable consumers to make transactions with cryptocurrencies in a familiar environment and significantly lower the barrier to entry for new users.”
The partnership with Mastercard to revolutionize Web3 services
Last October 2023, MoonPay had forged a new partnership with payment giant Mastercard, with the aim of joining forces and revolutionizing Web3 services.
Specifically, MoonPay has set the goal of maximizing the use of Web3 tools to improve marketing experiences, finding new ways to engage consumers using the Mastercard network.
In order to succeed in the endeavor, MoonPay has made available its entire Web3 portfolio for Mastercard, which includes authentication, minting, ETHPass, and much more.