Cash App Users Can Now Buy Ether, Solana, XRP and More Through MoonPay Checkout
MoonPay turned on Cash App Pay as a payment method on Tuesday, letting eligible U.S. customers spend their Cash App balance at MoonPay checkout. The effect is that Cash App money can now buy tokens Block has never listed...
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MoonPay turned on Cash App Pay as a payment method on Tuesday, letting eligible U.S. customers spend their Cash App balance at MoonPay checkout.
The effect is that Cash App money can now buy tokens Block has never listed. MoonPay’s onramp reaches ether, solana, XRP and more, and purchases can be pushed into third-party and self-custody wallets including Ledger, BitPay, Trust Wallet, MetaMask and Uniswap.
Block Rents What It Will Not ListCash App sold bitcoin and nothing else for years, then began a phased USDC rollout in late May. The partnership with MoonPay allows users to use their Cash App balances to access other cryptocurrencies without holding it on Cash App.
“While bitcoin remains at the core of our digital asset strategy, we want to give customers choice and flexibility wherever and however they choose to pay,” Morgan Kuntze, Block’s global partnerships lead, said in MoonPay’s announcement.
MoonPay has spent the year widening its U.S. payment options, adding the Discover network as its third major card network and launching an enterprise stablecoin platform aimed at banks and merchants. Cash App Pay is the consumer version of the same push, and it hands MoonPay a funded wallet with tens of millions of U.S. users attached.
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