Moonpay has announced that it has taken a big step towards integration with traditional financial services. In a big move, it announced joining hands with PayPal which will initially offer services for the purchase of cryptocurrency.
MoonPay and its crypto services
MoonPay is an international financial company that offers crypto services to users. It has been a leader in innovation and creating opportunities for crypto users. It offers ease and security to users in cryptocurrency transactions. What makes MoonPay unique is its on- and off-ramp services, providing a range of traditional payment services for the purchase of crypto.
Initially, the company was able to secure a partnership with Bitcoin.com while later it continued to add other big names to partnerships including BNB, BTC, ETH, LTC, etc. It is because of the wide assortment of payment options which makes this service is special to users. Users can purchase crypto using debit cards, credit cards, bank transfers, etc.
There is support for a wide range of fiat currencies in MoonPay which makes it an attractive option for users across the globe. In a recent announcement, it added to the valuable features. The announcement came through the X handle and official website which said that MoonPay has partnered with PayPal.
The latter has continued to serve customers in the finance arena for years and continues as a name of trust and security. As MoonPay has announced a partnership with MoonPay, it will allow users a number of features. Thus, they will be able to purchase cryptocurrency in a much easier manner.
Moonpay’s Integration with Paypal
The integration with PayPal is seen as a big thing in the cryptocurrency arena for a number of reasons. As it will allow users to purchase cryptocurrency using PayPal account, it will bring ease into such transactions. The feature is currently available for US users only and there is a chance that it is extended to customers from other regions as well.
It streamlines the use of crypto and other transactions for users who already have PayPal accounts. They won’t have to go through a painful process of tedious transaction steps but will be able to do it in a few clicks. Furthermore, there is ease of payment for cryptocurrency purchases using PayPal balance, bank transactions, or debit card. They won’t have to manually put the information for the completion of transactions.
In addition to that, use of PayPal adds to the privacy and security of the users. The mentioned service doesn’t disclose the full details of a financial transaction. MoonPay CEO Ivan Soto-Wright said that PayPal is a leader in revolutionizing financial transactions and it will add to the cause of crypto.
The integration will pave the way for increasing trust in cryptocurrency while also bringing security to the users. PayPal offers a familiar environment while the barrier for entry of newcomers is also lowered.
Benefits for the users
There are a range of benefits for users who plan to purchase cryptocurrency using Paypal. The users of MoonPay will have a range of choices for payment and a new addition to them is PayPal. While there is a variety of token support in MoonPay, users will be able to access more than 110 tokens.
There is no need to set up traditional financial accounts for the purchase of crypto. Users can purchase crypto in simple steps without going through trouble. It also brings benefits to the PayPal users who will benefit from MoonPay services.
Conclusion
MoonPay has announced a collaboration with PayPal, while the latter will allow integration. Thus, users in the US will be able to purchase crypto without going through tedious process for the purchase of cryptocurrency assets. The range of benefits is likely to attract new customers to the cryptocurrency market.
