MoonPay, the crypto payments infrastructure firm, has released a press statement noting how the PayPal crypto solution, created via a partnership, has now expanded to the EU and the UK.
Payments infrastructure firm MoonPay has published a press release noting a new crypto payments feature for their users in the UK and the EU. The firm announced it had partnered with global payments company PayPal for the new feature. The PayPal crypto solution will enable their users in Europe to buy and send crypto seamlessly.
The press release said, “The integration simplifies transactions for MoonPay users with existing PayPal accounts. Users can fund their cryptocurrency purchases by using their PayPal Balance, direct bank withdrawal, or debit card—all without having to enter the required details manually.”
MoonPay’s co-founder and CEO was also quoted in the press release. He described the project’s potential and how it would induce new users across the region. Moreover, PayPal’s past experience in crypto would also come as a bonus. At the same time, MoonPay also has prior experience in crypto projects with other financial majors.
PayPal had forayed into crypto back in 2022. But the first break for the payments company happened last year in August. It launched the PayPal stablecoin, which will possibly boost cross-border transfers. Since then, the PayPal stablecoin has been a trusted method for various use cases.
PayPal has also incentivized Bitcoin miners through rewards. This is especially meant for those miners who resort to green mining. In other words, the global firm has backed the crypto sector, underlying its vast applications for several industries. Crypto payments, on the whole, have also been an emerging trend. Firms like Visa, Mastercard, and others have taken the initiative to take crypto payments towards mass adoption.
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