MoonPay Taps Cash App User Base with New Crypto Purchase Option
MoonPay has added Cash App Pay as a payment option for cryptocurrency purchases in the US. This integration allows eligible customers to fund transactions using their Cash App balances, making it easier to buy crypto directly through MoonPay's checkout or with select partners.
The move broadens access to a wider range of cryptocurrencies for Cash App users, who can already buy and sell Bitcoin through the app. With 59 million active users as of June, according to Block's second-quarter shareholder report, this integration taps into an existing user base.
MoonPay CEO Ivan Soto-Wright noted that 'Cash App is where tens of millions of Americans already manage their money.' The integration means that those users can access the digital asset ecosystem with ease, funded instantly from an app they trust.