MoonPay partners with BitPay to streamline crypto transactions
Quick Take
- The partnerships aims to make selling crypto faster and easier, in addition to streamlining how users send crypto to their bank account or debit card.
The web3 fintech firm MoonPay and the crypto payments platform BitPay have partnered to facilitate easier crypto transactions.
According to a social media post from MoonPay, the partnerships aim to make selling crypto faster and easier and streamline how users send crypto to their bank account or debit card.
"MoonPay’s goal is to build game-changing products and experiences that enable anyone to participate in the world of web3," MoonPay CEO Ivan Soto-Wright told The Block. "Our Sell product has seen significant growth this year, offering a fast, flexible way to convert crypto to fiat via bank transfer or Push-to-Card transactions. We’re excited to introduce this functionality to the BitPay community and offer users a convenient way to transact."
In January, BitPay added support for numerous cryptocurrencies, such as Uniswap, Chainlink and BNB, to help customers pay for goods and bills with digital assets, The Block previously reported. MoonPay also added PayPal services to augment crypto purchases and sales in the United States in early May.
Update (May 7, 20:03 UTC): Added comment from MoonPay CEO.
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