Venmo partners with MoonPay to bring crypto to 60m US users

Venmo has partnered with MoonPay to allow its 60 million US users to purchase cryptocurrency directly using their Venmo balances.

Announced on MoonPay’s X page, this new integration allows users to purchase popular cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). This feature is rolling out across MoonPay’s partner network and will expand access to more platforms soon.

Known for its user-friendly payment solutions, MoonPay continues to exist by offering a wide range of payment options.

MoonPay partnered with Ripple (XRP) on October 16, allowing users to purchase and store XRP directly through its platform. This adds XRP to MoonPay’s other popular cryptocurrencies such as Bitcoin, Ethereum, and Tether.

Venmo collaboration

While details are limited, this collaboration aligns with Venmo’s efforts to offer users more flexible financial tools as crypto adoption grows.

Last year, PayPal and Venmo announced plans to introduce a new feature that would allow more than 70 million Venmo users to transfer crypto to each other directly from within the Venmo app.

Venmo users can now purchase crypto without linking external bank accounts, streamlining the process of purchasing crypto through Venmo wallets.

Currently supporting more than 110 cryptocurrencies, MoonPay facilitates integration with Venmo for a seamless, user-friendly experience.