MoonPay receives Texas remittance license, allowing users to buy 64 cryptocurrencies through Venmo and PayPal

Odaily reports that the cryptocurrency payment platform MoonPay has announced that it has obtained a money transmitter license from the Texas Department of Banking. Effective immediately, Texas users can purchase 64 cryptocurrencies through Venmo and PayPal. Texas is the second most populous state in the US after California and is also a major center for Bitcoin mining. Current estimates indicate that more than one-fifth of voting-age Texans own cryptocurrency. The MoonPay team added that they plan to expand their services in Texas by 2025, allowing residents to sell cryptocurrencies, including , , and . MoonPay will add Venmo and PayPal (Venmo's parent company) as payment methods in early 2024. With the addition of Texas, MoonPay has now obtained 45 money transmitter licenses, allowing them to "operate in different markets across the United States." (Crowdfund Insider)