Thomas Daniels

Published On: 17/10/2024
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MoonPay Partners with Ripple to Enable XRP Purchases for Customers
By Published On: 17/10/2024
MoonPay

Crypto payments platform MoonPay has announced a strategic partnership with Ripple, allowing its users to directly purchase XRP. In a post shared on X (formerly Twitter) on Oct. 16, MoonPay revealed that customers can now “buy, manage, and store” XRP seamlessly within their accounts.

With the addition of XRP, MoonPay users can now buy and sell several major cryptocurrencies, including Bitcoin, Ethereum, and Tether, directly from the app. The platform also supports crypto swapping, including cross-chain transactions, enhancing user flexibility. Purchases can be made using credit cards, Apple Pay, Google Pay, and, in supported regions, through a partnership with PayPal.

This partnership aligns with Ripple’s broader ecosystem expansion, coming just a day after Ripple announced MoonPay as one of its exchange partners in preparation for the launch of its upcoming stablecoin, RLUSD. Earlier in October, MoonPay had also integrated PayPal USD (PYUSD), reflecting its focus on stablecoin adoption.

In addition to these developments, MoonPay recently gained approval from the Australian financial regulator AUSTRAC, enabling it to provide cryptocurrency exchange services in Australia. This regulatory green light allows the platform to incorporate local payment methods like Osko and PayID, further expanding its global footprint.

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