Shiba Inu Another record has been made main menu like PayPal Users within the US can now purchase the dog-themed cryptocurrency through MoonPay, opening new horizons for its adoption and… It will likely lead to price increases.
PayPal partners with MoonPay for Shiba Inu access
The American multinational financial technology company PayPal has made Strategic partnership With MoonPay, a cryptocurrency payment platform, it gives users in the US access to crypto assets like the Shiba Inu. MoonPay has made it exciting advertisement on X (formerly Twitter), revealing that PayPal can now offer seamless transactions from fiat to cryptocurrencies within the United States.
The integration of MoonPay services into PayPal represents a major milestone Democratization of cryptocurrencies in the United States. MoonPay revealed that it will allow PayPal users to purchase more than 110 cryptocurrencies, including the comic-themed cryptocurrency, Shiba Inu.
Through the collaboration, millions of users in all 50 states of the United States will be exposed Shiba Inu symbolswhich represents a step forward in the field of cryptocurrency A vision for mainstream adoption. This, in turn, could cause the price of the cryptocurrency to rise as it attracts new investors from different parts of the country.
Moreover, after announcing the partnership, Shiba Inu price It rose dramatically. The cryptocurrency jumped from $0.000022 to $0.000024 in just one day, an increase of 7.72% over the past 24 hours, according to CoinMarketCap.
MoonPay has explained the process for users to access its extensive library of cryptocurrencies via PayPal, revealing what's new MoonPay users with PayPal account Cryptocurrency transactions can be conducted online seamlessly.
Bitcoin is now trading at $63.866. Chart: TradingView
The cryptocurrency payment platform revealed that PayPal users can fund their cryptocurrency accounts through various channels including direct bank withdrawal, PayPal balance, and debit card.
Welcoming the pivotal partnership, Ivan Soto-Wright, Co-Founder and CEO of MoonPay, stressed the importance of the alliance that aims to facilitate… Wider adoption of cryptocurrency Within familiar ecosystems.
He revealed that the integration of MoonPay into PayPal underscores the cryptocurrency platform's deep commitment to expanding access to cryptocurrencies through trusted networks.
MoonPay is set to transform access to cryptocurrencies at PayPal
Including Shiba Inu, MoonPay will also Grant PayPal users within the US can access top cryptocurrencies such as Solana (SOL), Ethereum (ETH), Dogecoin (DOGE)Bitcoin (BTC) and others. In addition, the cryptocurrency service platform revealed that other crypto assets initially available on its platform such as Pepe (PEPE), Cosmos (ATOM), Toncoin (TON), Binance Coin (BNB) and others, will not be available to the United States. Users.
MoonPay also revealed the key benefits it will offer to PayPal through its cryptocurrency services, including flexible payment methods, a wide range of cryptocurrencies, seamless onboarding, transaction speed, and other user-friendly features.
Furthermore, the cryptocurrency platform has hinted that it plans to integrate PayPal into its partner networks in the third quarter (Q3) of 2024, increasing the chances of adoption of cryptocurrencies like the Shiba Inu, which will likely… Boost the value of your token.
Featured image from Pexels, chart from TradingView