MoonPay Expands PayPal Crypto Buying Integration to Europe 

MoonPay opens up its PayPal crypto purchasing integration to users in the EU and UK.

Astronaut bringing a massive coin to a digital moon land.
Created by Kornelija Poderskytė from DailyCoin
  • MoonPay has expanded to Europe through its latest integration.
  • The integration will enable users in the EU and UK to buy crypto seamlessly.
  • MoonPay and PayPal launched a similar integration in the U.S. last month.

Financial tech company MoonPay announced on Wednesday that it is expanding its PayPal crypto purchasing integration to users in the United Kingdom (UK) and the European Union (EU).

The development comes after the two companies debuted a similar integration in the U.S. on May 2. The integration allowed PayPal users in the country to buy and sell over 110 cryptocurrencies. MoonPay said the integration was available to 100% of users in the U.S.

Crypto Purchases via PayPal in Europe

In a statement dated June 12, MoonPay said that its users in 24 EU member states and the UK can now purchase crypto using their PayPal account. Purchases can be funded through PayPal balances, direct bank withdrawals, or debit cards, without the need to enter details manually.

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MoonPay CEO and Co-founder Ivan Soto-Wright lauded the development, noting that expanding the company’s collaboration with PayPal to new markets was an exciting milestone.

“The success of our PayPal partnership speaks volumes about the value we’re creating together,” the CEO stated. “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”

Per the statement, PayPal is currently available to 1% of MoonPay customers in the UK and EU (excluding Croatia, Hungary, and Iceland) and will be rolled out “over the next few weeks.”

MoonPay also said that it has been “rapidly” expanding the PayPal integration to its several partners, and it is now available on Phantom, BitPay, SafePal, Uniswap, LOBSTR, Changelly, Zengo, and xPortal.

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Read about MoonPay’s donation to a U.S.-based crypto advocacy group:
MoonPay Backs ‘Stand With Crypto’ Group with a Donation

Stay updated on Tether’s billion-dollar fund for emerging markets investments:
Tether Allocates $1 Billion for Emerging Markets Investments

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.