The independent Crypto Wallet Exodus has integrated Venmo as a payment method through a partnership with MoonPay. The move opens the door for over 60 million active Venmo users to seamlessly purchase digital assets directly through the Exodus Mobile Wallet app.
According to Exodus, US customers can now purchase crypto assets using their Venmo accounts via MoonPay’s Secure Checkout interface within the Exodus app.
The integration takes advantage of the familiarity and ease of use of the Venmo platform, a popular peer-to-peer payment app owned by PayPal. Complement Exodus’ existing payment options, including debit and credit cards, PayPal, Apple Pay, Google Pay, and bank transfers.
“By integrating Venmo from MoonPay, cryptocurrency is more accessible to tens of millions of Americans who already know, trust and use Venmo in their daily transactions. This partnership is digital. It represents another step in our mission to empower individuals in the economy,” said Kevin Wood, Director of Revenue Management for Exodus.
Partnerships arise as the crypto industry seeks to expand its appeal beyond early adopters. By simplifying the on-ramp process, Exodus and Moonpay hope to attract more viewers to ownership of their digital assets. The integration positions Exodus to leverage a large, engaged user base.
“We’re committed to providing a range of services to our customers,” said Ivan Soto-Wright, CEO and co-founder of MoonPay.
“MoonPay is excited to introduce Venmo as a payment method for Exodus’ millions of users. Venmo has revolutionized online payments, but now Exodus users are buying crypto. You can take advantage of the same simple thing. This integration provides greater accessibility and provides a quick, familiar, frictionless way for users to fund their wallets directly from Venmo.”
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