We're thrilled to announce our collaboration with PayPal, which allows users in the U.S. to buy cryptocurrency using their PayPal account.
This makes MoonPay the very first on- and off-ramp provider to integrate PayPal, offering a frictionless fiat-to-crypto experience for all PayPal users in the U.S.
The integration streamlines transactions for new MoonPay users who already have a PayPal account and use it for online transactions. When using PayPal, users can fund their cryptocurrency purchases by using their PayPal Balance, direct bank withdrawal, or debit card—all without manually inputting the necessary information.
MoonPay users also benefit from the safety of PayPal, which never shares full financial information for a transaction.
“PayPal has always been at the forefront of revolutionizing commerce globally,” said MoonPay co-founder and CEO, Ivan Soto-Wright.
“Now more than ever consumers are exploring different avenues of financial systems–whether that be crypto, retail investing, or digital banking–and this partnership underscores our deep commitment to collaborating with trusted partners in the ecosystem to expand their access. By integrating PayPal, we are enabling consumers to transact with crypto in an already familiar environment, and significantly lower the barrier to entry for new users.”
Key benefits include:
- Flexibility and choice: MoonPay offers users an extensive array of payment methods, now including PayPal.
- Variety in token support: MoonPay users can access 110+ tokens and fund purchases with their linked PayPal accounts.
- Convenience and speed: Users can purchase with PayPal without the need to set up additional accounts or enter new payment info.
- Seamless onboarding: For existing PayPal users, making your first purchase with MoonPay is now easier than ever.
PayPal is available now to MoonPay consumers in the United States and will be available through MoonPay’s partner networks by mid-2024.
