The integration is part of PayPal’s ongoing push into the cryptocurrency market, as the company looks to expand its financial services offerings.
PayPal has announced a new integration between Venmo and Moonpay, which allows Venmo’s 60 million users to fund transactions on the cryptocurrency platform. U.S. users can use their Venmo balances, linked bank accounts, or credit/debit cards to buy and sell cryptocurrencies through Moonpay, expanding payment flexibility.
However, this option is currently unavailable to users in New York and Texas.
