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MoonPay adds Cash App Pay for US crypto purchases

MoonPay now allows eligible US customers to fund crypto purchases using Cash App balances. This expansion moves the payments firm beyond its core onramp business, offering more payment options to users.

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AI take

This is less about a new onramp and more about MoonPay positioning itself as a payments layer rather than a single-purpose crypto checkout. Tying crypto purchases to Cash App balances targets users who already hold dollars inside a consumer payments app, potentially lowering the friction that keeps casual buyers on the sidelines. The open question is whether this broadens MoonPay's addressable US audience or simply shifts existing card-funded volume to a cheaper rail, and whether other wallets and exchanges follow with similar Cash App integrations.

Generated by AI for reference only.

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