Key Takeaways:
Cash App users can now buy XRP, Solana, Ether and USDT via MoonPay, giving Block's 59 million customers access to tokens never listed directly.
"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 the announcement.
Eligible U.S. customers can use their Cash App balances to buy the four assets through MoonPay's checkout flow and fund external wallets including MetaMask, Ledger, Trust Wallet, BitPay and Uniswap. MoonPay handles the purchase flow, compliance checks and asset delivery, while Cash App serves as the funding source. MoonPay's fees range from about 1 percent for certain bank transfers to as much as 4.5 percent for some card transactions, with the Cash App Pay API carrying a disclosed charge of 2.9 percent plus 30 cents per transaction.
The integration marks the first time Cash App has opened access to multiple cryptocurrencies through an outside provider, extending a strategy that added USDC support earlier in 2026. Cash App reported 59 million monthly transacting customers as of June, per Block's Q2 shareholder letter. The service remains unavailable to New York residents because of state licensing constraints.
Jack Dorsey, the Bitcoin-focused co-founder of Block, has long expressed reservations about stablecoins and alternative digital assets. He said in March that he did not think it was "wise to go from one gatekeeper to another," referring to stablecoin issuers, while acknowledging that customer demand drove the USDC integration earlier this year. The MoonPay partnership extends that customer-driven logic: rather than building native infrastructure for each token, chain and wallet, Block relies on MoonPay's existing network to broaden access while keeping bitcoin at the center of its own product strategy.
The integration fits MoonPay's push to become infrastructure behind other financial products rather than relying solely on its own consumer app. The company integrated PayPal in 2024 and Venmo as alternative funding sources, following a similar playbook. MoonPay has also expanded into enterprise services, completing an all-stock acquisition of security firm Sodot in April valued at about $100 million, buying Solana-focused trading infrastructure provider DFlow in May and cross-chain protocol Glide in July. This month it launched PayBox, a non-custodial solution that lets compatible AI assistants initiate purchases and transfers within user-defined permission frameworks.
For Cash App customers, the MoonPay route offers a path to self-custody outside the app's walled garden. Cash App's native USDC feature automatically converts incoming stablecoin transfers into dollars, keeping users within a unified balance; the MoonPay route instead sends purchased assets to a compatible external wallet. Users must verify the correct asset, blockchain network and receiving address before completing a purchase, since an ERC-20 token sent to an incompatible address may not be recoverable. Cash App warns that sending USDC to an unsupported asset or incompatible network can result in permanent loss.
Bitcoin traded near $64,121 at the time of the announcement, up about 1 percent over the prior 24 hours, while the crypto Fear and Greed Index sat at 41 in "Fear" territory, according to data cited in the announcement. The integration gives MoonPay access to a substantial pool of potential U.S. crypto buyers and pressures other mainstream fintech platforms to broaden their digital asset offerings.
This article is for informational purposes only and does not constitute investment advice.
