MoonPay and PayPal’s Partnership Expands to EU and UK
PayPal payments are live to users of the digital assets payment platform MoonPay across the European Union and the United Kingdom.
According to the press release shared with Cryptonews, PayPal is now available to 1% of MoonPay customers in the UK and EU, with 100% availability expected in the next few weeks. The exceptions are Croatia, Hungary, and Iceland.
This means that users in 24 EU member states and the UK can now buy cryptocurrency using their PayPal account.
The team remarked that the integration simplifies transactions for MoonPay users with existing PayPal accounts.
They can fund their crypto purchases with PayPal Balance, direct bank withdrawal, or debit cards.
Additionally, neither of these options requires them to enter details manually.
Ivan Soto-Wright, MoonPay’s co-founder and CEO, commented on “the success of our PayPal partnership.”
He stated that “expanding our collaboration to new markets is an incredibly exciting milestone for us. This move will enable us to provide a frictionless experience and lower the barriers to entry to include new users around the world, bringing convenience and trust to our growing customer base.”
The expansion of this service to the EU and the UK follows the US launch last month.
MoonPay partnered with PayPal on May 2 and rolled out the service to 100% of users.
It stated that this move demonstrated strong demand for PayPal as a payment option to buy crypto.
In this latest announcement, the team has shared “impressive results” they’ve seen so far. These include:
Moreover, the integration is a major development for MoonPay, given that it became the first platform of its kind to incorporate this payment giant, the team stated.
It added that “this provides a wider selection of
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