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Cash App Adds Ether, Solana, XRP, USDT Via MoonPay Integration

Created at 18 Aug · 1:06 PM2 sources↑ Market-relevant2 events
IN SHORT

Cash App is expanding its cryptocurrency offerings beyond Bitcoin and USDC to include Ether, Solana, XRP, and USDT through a partnership with MoonPay. Eligible US users can now fund crypto purchases using their Cash App balances.

Key Numbers

59 millionCash App active users

Who's Involved

Cash App
Mobile payment service expanding crypto offerings
MoonPay
Crypto payments platform facilitating the expansion
Ivan Soto-Wright
MoonPay co-founder and CEO
Jack Dorsey
Co-founder of Block, Cash App's parent company
Ether (ETH)
Newly supported cryptocurrency
Solana (SOL)
Newly supported cryptocurrency
XRP
Newly supported cryptocurrency
USDT
Largest stablecoin, now purchasable via Cash App
USDC
Stablecoin previously added to Cash App
Cash App Adds Ether, Solana, XRP, USDT Via MoonPay Integration

↳ Why This Matters

This integration significantly broadens the accessibility of various cryptocurrencies for millions of Cash App users, potentially driving adoption and transaction volume for Ether, Solana, XRP, and USDT.

Key facts

  • Cash App now supports purchasing Ether, Solana, XRP, and USDT.
  • The expansion is facilitated through integration with the crypto payments platform MoonPay.
  • Eligible US users can fund MoonPay crypto purchases with Cash App balances.
  • Users can fund various cryptocurrency wallets including Ledger, BitPay, Trust Wallet, MetaMask, and Uniswap.
  • Cash App previously only supported Bitcoin and USDC.

Cash App, the mobile payment service operated by Jack Dorsey's Block, is expanding its cryptocurrency offerings beyond Bitcoin and USDC to include Ether, Solana, XRP, and USDT. This expansion is made possible through a new integration with the crypto payments platform MoonPay, allowing eligible U.S. customers to fund their crypto purchases directly using their Cash App balances. MoonPay's integration with Cash App Pay is available through its checkout and with select partners like Trust Wallet, MetaMask, and Ledger. MoonPay has also integrated payment options for PayPal and Venmo. Cash App reported 59 million active users in June, and its CEO, Ivan Soto-Wright, stated that this integration allows these users to access the digital asset ecosystem funded instantly from an app they already trust. MoonPay has been expanding its services beyond traditional fiat-to-crypto onramps, including acquisitions of DFlow and Sodot.

Frequently asked questions

Cash App users can now purchase Ether, Solana, XRP, and USDT through the MoonPay integration.

Users can fund wallets including Ledger, BitPay, Trust Wallet, MetaMask, and Uniswap.

Previously, Cash App only supported Bitcoin, with the addition of USDC earlier this year.

Cash App was developed by Block, the fintech company co-founded by Jack Dorsey.

What Happens Next

01Further integration of additional cryptocurrencies and wallets may be explored.
02Monitoring customer adoption and transaction volume for the new offerings.

How It Developed

Cash App is expanding its crypto offerings beyond bitcoin and USDC to include ether, solana, XRP, and USDT through a partnership with MoonPay.
MoonPay has integrated Cash App Pay as a payment option for cryptocurrency purchases, allowing eligible US customers to fund transactions using their Cash App balances.
Cash App Pay is now available through MoonPay’s own checkout and with select partners, including Trust Wallet, Bitcoin.com, MetaMask, Moonshot, Ledger, BitPay, Uniswap, Tangem, LOBSTR and Edge.
MoonPay now supports payment integrations with Cash App, PayPal and Venmo.
Cash App reported 59 million active users in June.

Sources

T1
Cash App's crypto support expands beyond bitcoin and USDC via MoonPayCoinDesk
T1
MoonPay adds Cash App Pay for crypto purchases by US customersEligible US users can fund MoonPay crypto purchases with Cash App balances as the payments firm expands beyond its core onramp business.Cointelegraph

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