MoonPay has introduced a new fiat on-ramp option for customers in the European Union and the United Kingdom by integrating PayPal. This integration allows European users to buy crypto on the MoonPay platform. Currently available to 1% of European users, the full rollout will happen in the following weeks, excluding residents of Croatia, Iceland, and Hungary. MoonPay highlighted PayPal's popularity as the third-most used payment method in the U.S., emphasizing its user-friendly experience. The option to use PayPal for fiat on-ramp is accessible to customers in 48 U.S. states, except New York and Texas. PayPal also launched its stablecoin, PYUSD, backed by cash reserves. Recently, PayPal deployed PYUSD on the Solana network for faster transactions and lower costs, introducing privacy features like 'confidential transfers'. Stablecoins like PYUSD play a vital role in providing liquidity, enhancing banking services, reducing transaction fees, and improving cross-border payments. Read more AI-generated news on: https://app.chaingpt.org/news