MoonPay and PayPal are now extending their groundbreaking partnership to users across the European Union and the United Kingdom, following a highly successful debut in the United States last month.
This expansion means that MoonPay users in 24 EU member states and the UK can now effortlessly purchase cryptocurrency using their PayPal accounts. The U.S. launch has already rolled out to 100% of users, showcasing strong demand and impressive results for PayPal as a preferred payment option:
- Popularity: PayPal quickly ascended to the third most popular payment method in the U.S., surpassing Google Pay and just trailing behind cards and Apple Pay.
- Increased Engagement: Nearly 90% of users who successfully connect to PayPal proceed with a transaction.
- Higher Conversion: New customers using PayPal as their initial payment method convert at a rate 1.3 times higher than those using cards.
- New Demographic: The partnership with PayPal has unlocked a more mature user base for MoonPay, with an average age of 35 years old.
Ivan Soto-Wright, MoonPay’s co-founder and CEO, remarked, “The success of our PayPal partnership speaks volumes about the value we’re creating together. 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.”
The integration simplifies cryptocurrency transactions for MoonPay users who have existing PayPal accounts. They can now fund their crypto purchases using their PayPal Balance, direct bank withdrawal, or debit card—all without manually entering the required details.
MoonPay has been swiftly expanding the PayPal integration to its numerous partners and is already 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 expected over the next few weeks. This strategic move aims to provide a seamless, secure, and user-friendly cryptocurrency purchasing experience, leveraging PayPal’s extensive reach and trusted platform.
Discover how this partnership is set to transform the cryptocurrency landscape in the UK and EU, making it easier than ever for users to dive into the digital currency market with confidence.
