MoonPay, a worldwide chief in crypto cost options, has formally been granted a Money Transmitter License from the Texas Department of Banking. This regulatory milestone permits MoonPay to supply its full suite of cash transmission providers to hundreds of thousands of Texas residents.
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Starting in the present day, Texans can use MoonPay to buy 64 completely different cryptocurrencies, together with widespread belongings like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). What’s extra, customers can now pay utilizing Venmo and PayPal, due to MoonPay’s latest integration of those cost strategies earlier this yr.
Driving Crypto Adoption in the Lone Star State
Texas, the second-most populous state in the U.S. and a key hub for Bitcoin mining, represents a large development alternative for MoonPay. Recent stories recommend that over 20% of voting-age Texans at the moment personal some type of cryptocurrency. By providing a easy and accessible solution to buy crypto, MoonPay goals to assist the state’s rising curiosity in digital belongings.
“MoonPay is committed to prioritizing compliance and consumer protection as we expand crypto accessibility in Texas and beyond. We look forward to continuing our close work with regulatory bodies to bring our crypto solutions to more users around the world.”
Ivan Soto-Wright, Co-founder & CEO of Moonpay
This new regulatory approval marks the start of a bigger growth technique in Texas. While shopping for crypto is now stay, MoonPay has introduced plans to introduce promoting capabilities for key cryptocurrencies like BTC, ETH, and SOL beginning in 2025. This will additional improve the person expertise and supply Texans with a extra complete platform for managing their crypto portfolios.
Scaling Compliance Across the U.S.
With the addition of Texas, MoonPay’s regulatory footprint now contains 45 Money Transmitter Licenses throughout the United States. This proactive method to compliance underscores MoonPay’s dedication to working inside authorized frameworks, making certain shopper safety and belief because it scales its providers nationwide.
The growth into Texas strengthens MoonPay’s place as a frontrunner in crypto funds, offering hundreds of thousands of customers with easy, compliant, and safe entry to digital currencies. By streamlining cost strategies with PayPal and Venmo, MoonPay is making it simpler than ever for folks to enter the world of crypto.
As Texas’s crypto neighborhood continues to develop, MoonPay’s providers are set to play a key function in shaping the state’s digital finance future.
