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SEC
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.
Updated May 11, 2023, 5:54 p.m. Published Sep 13, 2021, 4:42 p.m.
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.
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Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
