Cash App's crypto support expands beyond bitcoin and USDC via MoonPay
Cash App has integrated with MoonPay to allow users to purchase a wider variety of cryptocurrencies beyond Bitcoin and USDC. This move allows the fintech company to meet customer demand for diverse digital assets without building the infrastructure internally.
Why it matters
This expansion signals a shift in strategy for mainstream fintech platforms, moving toward broader crypto-asset support to remain competitive.
This means eligible U.S. Cash App users will be able to use their balances to purchase a host of other digital assets offered by MoonPay, including ether ETH $ 1,898.48 , solana (SOL), XRP and the largest stablecoin, USDT.
Users will also be able to fund wallets on MoonPay through their Cash App balances, including Ledger, BitPay, Trust Wallet, MetaMask and Uniswap, among others.
Cash App, the mobile payment service developed by Jack Dorsey’s fintech company Block (XYZ), is one of the premier mainstream gateways into cryptocurrency, given its customer base of over 50 million users.
The gateway has, however, historically been open only for bitcoin purchases. Cash App added support for USDC , the second-largest stablecoin by market cap, earlier this year.
Bitcoin maximalist Dorsey said he didn’t like supporting stablecoins , but Cash App’s “customers want to use them.”
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