MoonPay, a cryptocurrency payment platform, has secured a Money Transmitter License from the Texas Department of Banking. This authorization enables MoonPay to offer money transmission services within Texas, allowing residents to purchase 64 cryptocurrencies using Venmo and PayPal. The company plans to expand its services in Texas by 2025, facilitating the sale of cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). With the addition of Texas, MoonPay now holds Money Transmitter Licenses in 45 U.S. states, underscoring its commitment to compliance and consumer protection.
This development is significant for Texas, a major hub for Bitcoin mining, where over a fifth of the voting-age population owns cryptocurrency. By enhancing accessibility to digital assets, MoonPay's expansion supports the growing interest in cryptocurrencies among Texans.
For more information, you can refer to MoonPay's official announcement$BTC #MarketRebound
