Expanding adoption of cryptocurrencies in the United States

MoonPay and PayPal announced their cooperation and partnership to provide cryptocurrency purchasing options for users of cryptocurrency applications in the United States of America.

This service allows users to use PayPal for financial transactions such as wallet transfers, bank transfers, and the use of debit cards.

This integration aims to enhance the ease and convenience of buying and trading cryptocurrencies, bridging the gap between traditional financial services and the cryptocurrency market.

The cooperation between “MoonPay” and “PayPal” is an important step towards the widespread adoption of cryptocurrencies, as stated in the announcement on the X platform.

Users can now access a wide range of digital currencies as PayPal expands its offering of crypto tokens through MoonPay.

“MoonPay” offers PayPal users the ability to buy and sell more than 110 cryptocurrencies, providing a broader choice than limited digital currencies such as PYUSD or ETH.

For existing PayPal users, the integration makes transactions easier, eliminating the need to manually enter card information, and making purchasing cryptocurrencies via MoonPay as easy as just a few clicks.

Building bridges between fiat currencies and cryptocurrencies:
Last year, PayPal entered the world of cryptocurrencies by launching a stablecoin fully backed by the dollar.

The launch of the PYUSD cryptocurrency is an important step towards bridging the gap between traditional fiat currencies and the rapidly developing digital asset space.

PYUSD was developed in collaboration with Paxos Trust.

PYUSD is a digital asset based on dollar deposits, short-term US Treasuries, and cash equivalents, ensuring that each unit of PYUSD is 1:1 redeemable against the dollar.