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PayPal partnership expands to EU, UK
MoonPay users in 24 EU member states and the United Kingdom can now buy crypto through PayPal.
By Geoffrey Lyons
Published on Jun 12, 2024
Last modified on Aug 22, 2024
We’re thrilled to announce that PayPal is now live to users across the European Union and United Kingdom, following a successful launch in the United States last month.
MoonPay users in 24 EU member states and the UK can now buy cryptocurrency using their PayPal account.
The U.S. launch, which has also now rolled out to 100% of users, demonstrated strong demand for PayPal as a payment option to buy crypto with impressive results:
- Popularity: PayPal has quickly become the third most popular payment method in the U.S., overtaking Google Pay, and only slightly behind cards and Apple Pay.
- Increased engagement: Nearly 90% of users who successfully connect to PayPal proceed with a transaction.
- : New customers using PayPal as their first payment method convert at a 1.3x higher rate than those using cards.