Techub News reports that, according to Crowdfundinsider, the cryptocurrency payment service provider MoonPay has obtained a remittance license issued by the Texas Department of Banking, allowing it to provide remittance services.

MoonPay allows residents of the state to purchase 64 different cryptocurrencies on MoonPay using Venmo and PayPal, and plans to expand its services in Texas by 2025, allowing residents to sell cryptocurrencies, including Bitcoin, Ethereum, and SOL.