The US launch demonstrated PayPal becoming the third most used payment method.
The integration offers services to some MoonPay users in the UK and EU.
MoonPay has announced the expansion of PayPal as a payment
option to users in the European Union and the United Kingdom, following a
successful launch in the United States last month. Now, MoonPay users in 24 EU
member states and the UK can buy cryptocurrency using their PayPal accounts.
PayPal Integration Draws Mature User Base
The recent US launch, which has reached all users, showed
strong demand for PayPal, becoming the third most popular payment method,
overtaking Google Pay, and ranking just behind cards and Apple Pay.
Nearly 90%
of users who connect to PayPal complete a transaction, and new customers using
PayPal as their first payment method convert at a rate 1.3 times higher than
those using cards. The integration also attracts a more mature user base, with
an average age of 35.
This integration simplifies transactions for MoonPay users
with existing PayPal accounts, allowing them to fund their cryptocurrency
purchases using their PayPal Balance, direct bank withdrawal, or debit card
without entering details manually.
“The success of our PayPal partnership speaks volumes about
the value we’re creating together,” said Ivan Soto-Wright, MoonPay’s Co-Founder
and CEO.
“Expanding our collaboration to new markets is an incredibly exciting
milestone for us. This move will enable us to provide a frictionless experience
and lower the barriers to entry to include new users around the world, bringing
convenience and trust to our growing customer base.”
MoonPay is rapidly expanding the PayPal integration to its
partners, now live with Uniswap, Phantom, BitPay, Changelly, xPortal, Zengo,
SafePal, and LOBSTR. Currently, PayPal is available to 1% of MoonPay customers
in the UK and EU, excluding Croatia, Hungary, and Iceland, with a broader
rollout planned over the next few weeks.
This move aligns with consumer expectations for flexible
money management, with PayPal facilitating direct buying, holding, and selling
of cryptocurrencies. By expanding access to this previously specialized market,
PayPal displays adaptability, guaranteeing continued relevance and
competitiveness in the fintech sector.
MoonPay has announced the expansion of PayPal as a payment
option to users in the European Union and the United Kingdom, following a
successful launch in the United States last month. Now, MoonPay users in 24 EU
member states and the UK can buy cryptocurrency using their PayPal accounts.
PayPal Integration Draws Mature User Base
The recent US launch, which has reached all users, showed
strong demand for PayPal, becoming the third most popular payment method,
overtaking Google Pay, and ranking just behind cards and Apple Pay.
Nearly 90%
of users who connect to PayPal complete a transaction, and new customers using
PayPal as their first payment method convert at a rate 1.3 times higher than
those using cards. The integration also attracts a more mature user base, with
an average age of 35.
This integration simplifies transactions for MoonPay users
with existing PayPal accounts, allowing them to fund their cryptocurrency
purchases using their PayPal Balance, direct bank withdrawal, or debit card
without entering details manually.
“The success of our PayPal partnership speaks volumes about
the value we’re creating together,” said Ivan Soto-Wright, MoonPay’s Co-Founder
and CEO.
“Expanding our collaboration to new markets is an incredibly exciting
milestone for us. This move will enable us to provide a frictionless experience
and lower the barriers to entry to include new users around the world, bringing
convenience and trust to our growing customer base.”
MoonPay is rapidly expanding the PayPal integration to its
partners, now live with Uniswap, Phantom, BitPay, Changelly, xPortal, Zengo,
SafePal, and LOBSTR. Currently, PayPal is available to 1% of MoonPay customers
in the UK and EU, excluding Croatia, Hungary, and Iceland, with a broader
rollout planned over the next few weeks.
This move aligns with consumer expectations for flexible
money management, with PayPal facilitating direct buying, holding, and selling
of cryptocurrencies. By expanding access to this previously specialized market,
PayPal displays adaptability, guaranteeing continued relevance and
competitiveness in the fintech sector.
Canada's Crypto Firms Get More Time to Comply with Stablecoin Rules
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Relive the best moments from the Finance Magnates Pacific Summit 2024 with our highlights video! ✨
From action-packed moments, insightful speaker sessions, the exclusive Opening Blitz, and immersive workshops, this video captures the energy and excitement of FMPS:24. Whether you attended or missed out, here’s your chance to experience the top moments that made FMPS:24 unforgettable.
🎬 Watch, share, and join the conversation!
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Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
Relive the best moments from the Finance Magnates Pacific Summit 2024 with our highlights video! ✨
From action-packed moments, insightful speaker sessions, the exclusive Opening Blitz, and immersive workshops, this video captures the energy and excitement of FMPS:24. Whether you attended or missed out, here’s your chance to experience the top moments that made FMPS:24 unforgettable.
🎬 Watch, share, and join the conversation!
Don’t forget to use the hashtags #fmps #fmps24 #FMevents when sharing.
Stay tuned for more events. See you next time!
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
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