Cryptocurrency trading enabled in Europe and the United Kingdom – DiarioBitcoin

The measure constitutes an expansion of the agreement originally reached in the US, so now users of MoonPay in Europe and the United Kingdom will now be able to buy cryptocurrencies with their fiat balances in PayPal.

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• Residents in Europe and the United Kingdom can now buy cryptocurrencies via PayPal – MoonPay
• The alliance is an expansion of the agreement announced last month for US users.
• With this, the aim is to enable more channels so that residents can access cryptocurrencies

The cryptocurrency services platform, MoonPay, further expanded the integration achieved with PayPal at the beginning of last month, so now clients in Europe and the United Kingdom will be able to buy, sell and exchange these assets with fiat money through the digital payments giant.

alliance MoonPay – PayPal now available in Europe

The announcement came in a publication made by the team of MoonPay through your official X account (Twitter), where they indicate that as of today, their users in “24 EU member states and the United Kingdom can now purchase over 100 cryptocurrencies by trading from their PayPal account.”

In a statement published by MoonPay, The co-founder and CEO of the company, Ivan Soto-Wright, indicated that the success of this partnership with PayPay It is a sign of the value they are creating together, and he added:

Expanding our collaboration to new markets is an incredibly exciting milestone for us. This move will allow us to provide a frictionless experience and reduce barriers to entry to include new users around the world, providing convenience and confidence to our growing customer base.

According to the company, just as was achieved in the US, the integration between both companies now allows users in Europe and the United Kingdom to finance their cryptocurrency purchases from MoonPay with the balances in their accounts PayPal, in addition to making direct bank withdrawals or using debit cards, all in an easy and intuitive way.

The crypto offer of PayPal

As indicated in a previous edition, this measure is part of PayPal’s efforts to achieve greater integration with products and services based on cryptocurrencies, an offer that will seek to gradually bring the more than 400 million users it registers in everyone.

At the moment, PayPal has made efforts to expand its associated products and services, although it only offers trading for five cryptocurrencies, including its own native stablecoin pegged to the US dollar, PayPal USD (PYUSD), which launched in 2023 becoming the first major payments firm to do something like this.

The integration of PayPal with MoonPay It is currently available to US consumers, and will gradually be made available to European and UK residents following the announcement. Both companies indicated that the measure does not include countries such as Croatia, Hungary and Iceland.

Article by Angel Di Matteo / DailyBitcoin

Picture of Unsplash

WARNING: This is an informative article. DiarioBitcoin is a media outlet, it does not promote, endorse or recommend any particular investment. It is worth noting that investments in cryptoassets are not regulated in some countries. They may not be suitable for retail investors as the entire amount invested could be lost. Check the laws of your country before investing.