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.
JUST IN: @MOONPAY X @PAYPAL INTEGRATION EXPANDS TO UK AND EUROPEAN CUSTOMERS
— BSCN Headlines (@BSCNheadlines) June 12, 2024
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 article was written by Tareq Sikder at www.financemagnates.com.
