MoonPay enhances its cryptocurrency offerings by integrating PayPal transactions, enabling users in the U.S. to buy and sell 110 different cryptocurrencies via wallet, bank transfers, or debit cards.

The integration allows MoonPay users to complete fiat-to-crypto transactions seamlessly through PayPal accounts, providing a broader range of options compared to traditional banking channels.

MoonPay's co-founder and CEO, Ivan Soto-Wright, emphasises that this partnership offers a superior experience, allowing users access to a diverse range of cryptocurrencies beyond just Bitcoin (CRYPTO:BTC) or stablecoins like PayPal USD.

Soto-Wright anticipates a significant increase in transaction success rates with PayPal integration, especially considering the limitations faced by traditional banks in enabling crypto purchases via debit or credit cards.

Initially available to 50% of MoonPay's customers in the U.S., the PayPal integration is set to expand to other jurisdictions like the United Kingdom and the European Union, catering to a broader user base in the future.