MoonPay and PayPal enter the EU and UK

According to MoonPay’s officials, the expansion of their company’s partnership with PayPal to additional markets supports its development strategy, with the move allowing it to offer a simplified and efficient experience for customers. Moreover, it is set to mitigate the gaps to entry to include new users globally, delivering increased convenience to MoonPay’s customer base. The integration aims to simplify transactions for the firm’s users that have preexisting PayPal accounts, with customers being able to fund their cryptocurrency purchases by leveraging their PayPal Balance, direct bank withdrawal, or debit card. The collaboration removes the need for entering the required details manually, thus making the process more efficient.

Furthermore, MoonPay has been working on expanding the PayPal integration to its partners, already being live with Uniswap, Phantom, BitPay, Changelly, xPortal, Zengo, SafePal, and LOBSTR. At the time of the announcement, PayPal is available to 1% of MoonPay customers in the UK and EU, except for Croatia, Hungary, and Iceland, with plans to be introduced in the upcoming period.