Cash App and MoonPay Team to Offer Crypto Purchases

That means eligible U.S. customers can now use their Cash App balance to buy digital assets on MoonPay and via select partners on its network, the company announced Tuesday (Aug. 18).

“Cash App is where tens of millions of Americans already manage their money,” Ivan Soto-Wright, CEO and co-founder of MoonPay, said in a news release.

“This integration means that those users can access the digital asset ecosystem, funded instantly from an app they already know and trust. We couldn’t be more excited to partner with Cash App to make that a reality.”

The company argues that trust is tied to MoonPay’s “regulatory depth,” as it holds a BitLicense and a New York Limited Purpose Trust Company Charter from the New York Department of Financial Services, alongside MiCA authorization in the European Union and registrations in the U.K., Australia and Canada.

Once linked, customers can make purchases with Cash App Pay without leaving the “MoonPay buy flow, with no redirects, no re-authentication, just one tap checkout,” the release added. Cash App Pay is also live with partners on MoonPay’s network, such as Trust Wallet, Bitcoin.com, MetaMask, Moonshot, Ledger, BitPay, Uniswap, Tangem, LOBSTR and Edge.