PayPal has expanded its involvement in the cryptocurrency market by allowing U.S. customers to purchase Bitcoin and Ethereum through MoonPay using their Venmo accounts. Venmo, a popular mobile payments app owned by PayPal, now offers its 60 million users the ability to buy digital coins and tokens. MoonPay, a platform for buying, selling, and swapping cryptocurrencies, facilitates these transactions. Customers can fund their crypto purchases on MoonPay using their Venmo account balance, direct bank withdrawal, or debit card. However, residents of New York and Texas are currently excluded from using the Venmo integration. This move is part of PayPal's broader strategy to make cryptocurrencies more accessible to the general public, following previous initiatives such as enabling U.S. merchants to engage in crypto transactions and launching the stablecoin PYUSD on the Ethereum and Solana networks. PayPal users can now easily convert PYUSD to dollars for international payments through the Xoom platform. Read more AI-generated news on: https://app.chaingpt.org/news