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Fintech Platform MoneyLion to Enable Bitcoin, Ethereum Purchases Within App

The service will be available to all U.S. customers outside of New York and Hawaii by Oct. 5.

Sep 13, 2021 at 4:42 p.m. UTC
Updated Sep 13, 2021 at 6:40 p.m. UTC

Fintech platform MoneyLion is launching crypto capabilities within its app allowing customers to buy and sell bitcoin and ether.

  • The service will be available to all U.S. customers outside New York and Hawaii, according to an announcement Monday.
  • Customers will initially be able to buy and sell bitcoin and ether, as well as round up debit card purchases in bitcoin, with plans to add more cryptocurrencies eventually.
  • MoneyLion has tapped digital-asset custodian Zero Hash for transaction and custody services.
  • Rollout of the new services is underway and expected to be available to all eligible MoneyLion customers by Oct. 5.
  • MoneyLion, which reported having 1.8 million customers in June, offers banking, lending and investment solutions within its app and plans to go public on the New York Stock Exchange (NYSE) later this month via special purpose acquisition company (SPAC) Fusion Acquisition Corp.


DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Jamie Crawley is a CoinDesk news reporter based in London.

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