Venmo Partners with MoonPay for Easy Crypto Transactions

Venmo fee service has partnered with MoonPay to provide its 60 million month-to-month energetic customers higher entry to cryptocurrency transactions.
In keeping with the press launch, eligible U.S. customers can now fund their MoonPay accounts utilizing their Venmo steadiness, linked financial institution accounts, bank cards, or debit playing cards. Nonetheless, the service won’t be out there for customers in New York or Texas.
Moreover, Ripple has additionally partnered with MoonPay, making XRP accessible to over 20 million customers worldwide. This enables customers to purchase, retailer, and handle XRP instantly via the MoonPay app.
Following this announcement on Oct.16, XRP/USDT noticed a 1.20% worth enhance, reaching $0.5482 inside 24 hours. Nonetheless, as of press time, the token has dropped 1.05% to 0.5456 based on CoinMarketCap.
Furthermore, Moonpay additionally noticed a significant partnership with PayPal earlier this yr, granting 426 million customers entry to over 100 digital belongings.
Because the partnership, PayPal customers throughout all 50 U.S. states have been capable of fund MoonPay transactions via their PayPal steadiness, financial institution withdrawals, or debit playing cards. As of Could 2024, about 50% of U.S. customers entry PayPal integration.
Additionally Learn: Polymarket Partners with MoonPay to Enhance Payment Options