Cash App’s crypto support expands beyond bitcoin and USDC via MoonPay

Cash App’s cryptocurrency service is extending beyond bitcoin BTC$64,001.29 and stablecoin USDC for the first time by being added to crypto payments platform MoonPay.

This means eligible U.S. Cash App users will be able to use their balances to purchase a host of other digital assets offered by MoonPay, including ether ETH$1,892.86, solana (SOL), XRP and the largest stablecoin, USDT.

Users will also be able to fund wallets on MoonPay through their Cash App balances, including Ledger, BitPay, Trust Wallet, MetaMask and Uniswap, among others.

Cash App, the mobile payment service developed by Jack Dorsey’s fintech company Block (XYZ), is one of the premier mainstream gateways into cryptocurrency, given its customer base of over 50 million users.

The gateway has, however, historically been open only for bitcoin purchases. Cash App added support for USDC, the second-largest stablecoin by market cap, earlier this year.

Bitcoin maximalist Dorsey said he didn’t like supporting stablecoins, but Cash App’s “customers want to use them.”

“I don’t think it’s wise to go from one gatekeeper to another,” he said in March.

The MoonPay integration, therefore, demonstrates a means of appealing to customers’ demand for multiple digital assets without Block actually having to build the necessary pipes and plumbing itself.

“While bitcoin remains at the core of our digital asset strategy, we want to give customers choice and flexibility however they choose to pay,” Morgan Kuntze, Block’s global partnerships lead, said in an announcement on Tuesday.