Crypto▲ Bullish
Cash App Users Get Instant Crypto Buying With MoonPay
MoonPay enables instant crypto purchases from Cash App balances with one tap. The integration taps 77% consumer preference for crypto access through existing apps.
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MoonPay now lets U.S. customers fund crypto purchases directly from their Cash App balance, the company said Tuesday. The integration means tens of millions of Cash App users can buy digital assets without leaving the MoonPay checkout flow or re-authenticating. It's the first time Cash App Pay has been offered for crypto purchases on an external platform, MoonPay said.
"Cash App is where tens of millions of Americans already manage their money," MoonPay CEO Ivan Soto-Wright said in a statement. "This integration means that those users can access the digital asset ecosystem, funded instantly from an app they already know and trust."
The setup works through Cash App Pay, which links a customer's Cash App account to the MoonPay buy flow. Purchases complete with one tap, MoonPay said. The payment option is also live on MoonPay's partner network, including Trust Wallet, MetaMask, Ledger, BitPay, Uniswap and others.