BlockBeats News, August 18, Block's payment application Cash App is expanding its supported range of cryptocurrencies for the first time through integration with the crypto payment platform MoonPay, from Bitcoin and USDC to more digital assets.

Eligible U.S. Cash App users can now directly use their Cash App balance to purchase various digital assets, including Ethereum (ETH), Solana (SOL), XRP, and USDT through MoonPay. They can also use their Cash App balance to top up wallets such as Ledger, BitPay, Trust Wallet, MetaMask, and Uniswap.

Cash App, with over 50 million users, previously focused on Bitcoin transactions and added USDC support earlier this year. The collaboration with MoonPay means that Block can meet users' demands for more crypto assets without having to build its own infrastructure to support multi-cryptocurrency transactions.

Morgan Kuntze, Block's Global Head of Partnerships, stated that while Bitcoin remains the core of the company's digital asset strategy, they aim to provide users with more choices and payment flexibility.