Venmo and MoonPay have partnered to make cryptocurrency access easier for 60 million active users.

Venmo and MoonPay Partnership

According to the press release, eligible U.S. users can now fund their MoonPay accounts using their Venmo balance, linked bank accounts, credit cards, or debit cards. However, the service will not be available for users in New York or Texas.

Ripple's Partnership with MoonPay

Additionally, Ripple has also partnered with MoonPay, making XRP accessible to over 20 million users worldwide. This allows users to buy, store, and manage XRP directly through the MoonPay app. Following this announcement on Oct.16, XRP/USDT saw a 1.20% price increase, reaching $0.5482 within 24 hours. However, as of press time, the token has dropped 1.05% to $0.5456 according to CoinMarketCap.

MoonPay's Partnership with PayPal

Moreover, MoonPay also saw a major partnership with PayPal earlier this year, granting 426 million users access to over 100 digital assets. Since the partnership, PayPal users across all 50 U.S. states have been able to fund MoonPay transactions through their PayPal balance, bank withdrawals, or debit cards. As of May 2024, about 50% of U.S. users access PayPal integration.

Partnerships between MoonPay and major platforms like Venmo, Ripple, and PayPal significantly expand cryptocurrency access for users worldwide.