MoonPay Integrates Crypto Purchases Through PayPal for British and EU Customers

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MoonPay has recently announced the addition of a new fiat on-ramp option for its customers in the European Union and the United Kingdom. This means that users in Europe will soon have the ability to purchase crypto using PayPal through the MoonPay platform.

The integration is currently available for 1% of European users and will be expanded to the rest of the region in the coming weeks. However, residents of Croatia, Iceland, and Hungary will not have access to this option.

In a statement, MoonPay highlighted PayPal’s popularity as the third most commonly used payment method in the United States, after Apple Pay and traditional bank cards.

The company’s CEO and co-founder, Ivan Soto-Wright, also noted PayPal’s potential to enhance the user experience for new customers:

“This integration will allow us to offer a seamless experience and remove barriers for new users worldwide, bringing convenience and trust to our growing customer base.”