MoonPay has integrated PayPal as a fiat on-ramp for customers in the UK and EU, allowing seamless cryptocurrency purchases. Initially available to 1% of European users, a full rollout is planned soon, excluding Croatia, Iceland, and Hungary. PayPal's popularity as a payment method in the US supports this expansion. MoonPay's CEO, Ivan Soto-Wright, highlights the move's potential to lower entry barriers and enhance user convenience. This integration complements PayPal's recent initiatives, including the launch of its stablecoin, PYUSD, on the Solana network.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
