Moonpay, a digital asset trading platform, announces a partnership with Paypal on May 2, enabling U.S. users to buy cryptocurrency using their Paypal accounts.

This collaboration aims to simplify transactions for new users familiar with Paypal's platform and emphasises the safety and security provided by Paypal's comprehensive financial information sharing.

Moonpay's CEO, Ivan Soto-Wright, highlights the partnership's commitment to expanding access to financial systems and facilitating crypto transactions in a familiar environment.

While initially available to Moonpay's U.S. users, the service will extend to the platform's partner networks by mid-2024.