MoonPay, a worldwide chief in crypto fee options, has formally been granted a Cash Transmitter License from the Texas Division of Banking. This regulatory milestone allows MoonPay to supply its full suite of cash transmission companies to tens of millions of Texas residents.
—
Beginning in the present day, Texans can use MoonPay to buy 64 totally different cryptocurrencies, together with in style property 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 fee strategies earlier this yr.
Driving Crypto Adoption within the Lone Star State
Texas, the second-most populous state within the U.S. and a key hub for Bitcoin mining, represents an enormous progress alternative for MoonPay. Current studies counsel that over 20% of voting-age Texans at the moment personal some type of cryptocurrency. By providing a easy and accessible technique to buy crypto, MoonPay goals to help the state’s rising curiosity in digital property.
“MoonPay is dedicated to prioritizing compliance and client safety as we broaden crypto accessibility in Texas and past. We stay up for persevering with our shut work with regulatory our bodies to convey our crypto options to extra customers world wide.”
Ivan Soto-Wright, Co-founder & CEO of Moonpay
This new regulatory approval marks the start of a bigger enlargement technique in Texas. Whereas 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 can additional improve the person expertise and supply Texans with a extra complete platform for managing their crypto portfolios.
Scaling Compliance Throughout the U.S.
With the addition of Texas, MoonPay’s regulatory footprint now contains 45 Cash Transmitter Licenses throughout the USA. This proactive strategy to compliance underscores MoonPay’s dedication to working inside authorized frameworks, guaranteeing client safety and belief because it scales its companies nationwide.
The enlargement into Texas strengthens MoonPay’s place as a frontrunner in crypto funds, offering tens of millions of customers with easy, compliant, and safe entry to digital currencies. By streamlining fee strategies with PayPal and Venmo, MoonPay is making it simpler than ever for individuals to enter the world of crypto.
As Texas’s crypto neighborhood continues to develop, MoonPay’s companies are set to play a key function in shaping the state’s digital finance future.
