Cash App Expands Crypto Offerings with Moonpay Integration

Cash App has expanded its crypto offerings by integrating Moonpay's checkout within its Cash App Pay funding method. Eligible U.S. users can now purchase XRP, SOL, ETH, and USDT directly from their Cash App balance without having to leave the app.

This move is significant as it allows Cash App customers to access tokens that the platform itself has never supported before. The integration of Moonpay's checkout means that Cash App does not have to build out listing and custody infrastructure for each asset, effectively giving users a broader token selection without additional infrastructure costs.

The addition of XRP, SOL, ETH, and USDT brings the total number of tokens available on Cash App to five. The integration also allows Moonpay to support Cash App Pay as a funding method, joining PayPal and Venmo in doing so.

Cash App's parent company, Block, was fined $40 million by New York regulators over compliance failures tied to Cash App's bitcoin and fiat transaction monitoring.