Key Takeaways
- Over 60 million Venmo U.S.-based users can now buy Bitcoin and crypto using MoonPay.
- This comes at the heels of MoonPay’s PayPal partnership.
- This service is unavailable to users in New York or Texas.
MoonPay Expands Bitcoin and Crypto Purchases via Venmo
Venmo users in the U.S. can now purchase Bitcoin and crypto on MoonPay.
This new integration allows users to fund Bitcoin and crypto purchases using their Venmo balance or linked payment methods.
Over 60 million active Venmo users now have the option to use this service.
Currently, this feature is not available for users in New York or Texas.
MoonPay offers users multiple payment options, now including Venmo, to fund Bitcoin and crypto purchases on the platform.
The integration eliminates the need for Venmo users to create additional accounts or input new payment details.
PayPal’s Broader Adoption of Bitcoin and Crypto
Venmo’s integration with MoonPay follows PayPal's recent move to enable U.S. merchants to buy, hold, and sell Bitcoin and crypto.
MoonPay previously integrated with PayPal, giving users another payment option for purchasing Bitcoin and crypto.
