Cash App Expands Crypto Support to Ethereum, Solana Via MoonPay
Cash App users can now purchase Ethereum, Solana, and USDT through MoonPay using their Cash App balances, extending the app's crypto offerings beyond Bitcoin and USDC. The integration, announced Tuesday, is available to eligible U.S. customers and marks a significant expansion of Square's crypto wallet.
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New Assets Available Through Cash App
Cash App users in the United States can now purchase Ethereum, Solana, and USDT directly from their Cash App balances via MoonPay, according to announcements from both companies Tuesday. The integration expands Cash App's cryptocurrency offering, which previously supported Bitcoin and USDC purchases. Eligible users can fund MoonPay transactions directly through Cash App Pay without leaving the platform.
How the Integration Works
MoonPay added Cash App Pay as a payment method for U.S.-based cryptocurrency purchases, allowing customers to route transactions through their Cash App balances. The on-ramp service now connects Cash App's payment rails to a broader set of digital assets than Cash App's native offering had previously supported. The terms of the partnership and whether additional assets or payment methods will roll out were not disclosed.
Strategic Implications for Cash App
The move positions Cash App as a point-of-entry gateway to multiple Layer 1 networks and major stablecoins, not just Bitcoin. Square has been incrementally building out its cryptocurrency functionality since 2018 and previously expanded to offer Bitcoin withdrawals to external wallets. This partnership with MoonPay allows Cash App to offer a wider asset menu without building out support for each token independently.
Why It Matters
For Traders
Cash App users now have direct on-ramp access to Ethereum and Solana without switching platforms, potentially reducing friction for retail entry into these networks.
For Investors
The expansion signals Square's strategy to deepen crypto integration as a core Cash App feature, not a peripheral offering, competing directly with Coinbase and Kraken on accessibility.
For Builders
Ethereum and Solana gain exposure to Cash App's user base without requiring their own integrations, lowering barriers to retail adoption on these chains.
This article is for information only and is not financial advice. Read the full disclaimer.
