- Venmo partners with MoonPay, enabling seamless crypto transactions for over 60 million users.
- Integration expands digital asset use in America, boosting crypto adoption.
- MoonPay continues its mission to introduce cryptocurrencies to the next billion people by 2030.
Recently, Venmo – the U.S.-based peer-to-peer payment app has recently partnered with MoonPay in a development that can have a significant impact on the crypto market.
The deal allows MoonPay customers to link Venmo accounts to the app, and use their balance to enjoy the application’s several payment options. Also, this partnership allows for seamless cryptocurrency transactions in an app that reaches over 60 million users.
This integration allows for even more widespread use of digital assets in America. The country already accounts for 22.3% of the global crypto activity – and by adding a way for Venmo users to quickly buy and sell crypto – they can tap into the expanding digital economy with greater ease and efficiency.
What is MoonPay?
MoonPay is a FinTech kickstarted in 2019 that provides payment infrastructure for cryptocurrencies and NFTs. The company is available in over 180 countries and its services cover the most popular payment methods including Apple Pay and Google Pay.
With the Venmo partnership – MoonPay continues to expand its reach to fulfill its plan of introducing cryptocurrencies to the next 1 billion people by 2030. Earlier this year the company set up a similar partnership with digital payment provider PayPal.
MoonPay Partnering With Ripple
The news comes just a few days after the company announced yet another partnership with Ripple. Now, people in 180+ countries can easily buy, store, and manage XRP using the mobile app.
This development followed Ripple’s announcement of MoonPay as a designated partner ahead of the launch of the RLUSD stablecoin.
Despite Ripple’s ongoing legal battle with the SEC. – the partnership demonstrates confidence in XRP’s future and follows MoonPay’s belief in widespread crypto adoption.
