$104,419.00
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0.01%$0.173153
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-8.62%$104,379.00
-2.92%$39.45
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0.33%$404.70
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0.03%$0.00001172
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0.10%$1.001
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5.21%$104,346.00
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0.00%$4.43
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0.11%$104,726.00
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1.85%$3,453.54
1.96%$0.447089
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1.01%$0.00007633
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11.82%$2,513.19
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30.54%$0.01820592
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0.01%$0.00005637
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0.29%$1.001
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-9.91%Reading
PayPal is diving deeper into the crypto world.
In a Thursday announcement, the payments giant said that U.S. customers could now buy digital coins and tokens like Bitcoin and Ethereum on MoonPay using their Venmo accounts.
Venmo is a popular mobile payments app owned by PayPal. MoonPay is a platform allowing people to buy, sell, or swap digital coins and tokens. Venmo customers can use their account balance, a direct bank withdrawal, or debit card to fund crypto purchases on MoonPay, however MoonPay said that users in New York and Texas cannot use the Venmo integration.
🚨 Breaking News: Venmo's 60 million users in the U.S. can now buy crypto using MoonPay!
💰 This new integration lets you buy all your favorite cryptocurrencies using your Venmo balance.
🚀 Live now and rolling out soon to the MoonPay partner network. pic.twitter.com/VoUjMCbOcS
— MoonPay 🟣 (@moonpay) October 17, 2024
The announcement is part of PayPal's latest strategy to make crypto available to everyday people. In September, the payments company enabled U.S. merchants to buy, hold, and sell cryptocurrency from their business accounts.
Last year, it launched an Ethereum-based, dollar-pegged stablecoin called PayPal USD (PYUSD). The asset now also runs on Solana, the crypto network behind the fifth-biggest digital coin by market cap, SOL. In April, PayPal announced that users could swap PYUSD for dollars to make international payments via payments platform Xoom.
Online payment giant PayPal is expanding its cryptocurrency offerings, joining forces with cryptocurrency company MoonPay to offer its more than 426 million customers access to over 100 digital assets. MoonPay believes that it will help avoid the kinds of banking hurdles that some users have encountered with crypto purchases. “Frequently, crypto purchases fail when users attempt to use their debit cards directly due to certain bank restrictions,” a MoonPay spokesperson said. “MoonPay's partnersh...
Stablecoins are cryptocurrencies that are designed to have a less volatile nature than Bitcoin and other digital coins. They tend to be backed by dollars or treasuries, and are used by traders to make transactions on exchanges quickly, or by those who want to send money across borders.
Edited by Andrew Hayward
Formula 1 has renewed its partnership with exchange platform Crypto.com, extending the agreement through 2030 as both entities seek to capitalize on their shared momentum. The renewed partnership will see Crypto.com continue to feature prominently at key Formula 1 events, including the Miami Grand Prix, where it has been the title sponsor since the race’s inception in 2022. The deal, first inked in 2021, marked Formula 1’s foray into the crypto world at a time when digital assets were experienc...
Mo Shaikh, a co-creator of the Aptos blockchain and co-founder and CEO of the Aptos Labs firm that helps support it, announced Thursday that he's leaving the company to focus on a "new chapter." "Today, I am stepping away from Aptos Labs to start a new chapter," Shaikh wrote on X. "One of my true passions lies in building companies from the ground up, and we have done that at Aptos Labs by building a world-class team." "I leave Aptos Labs with the utmost confidence in the team," he continued, "a...
Building on the momentum of anticipated changes to U.S. crypto policy, Binance.US said it aims to restore its USD services in early 2025, according to a statement shared with Decrypt. It marks the exchange's first major operational shift as regulatory pressure forced the exchange to suspend fiat trading last year. The platform has operated under restricted banking access since June 2023, when SEC civil claims triggered a suspension of dollar deposits and withdrawals. "While I can't provide a de...
