MoonPay, a web-based fintech company3, and BitPay, a cryptocurrency payments platform, have teamed up to simplify cryptocurrency transactions, with the aim of making the process more seamless.
MoonPay announced via social media that the partnership will enable easier and faster cryptocurrency sales, simplifying how users transfer cryptocurrencies to their bank account or debit card.
The integration aims to simplify the digital finance landscape and provide accessible payment solutions, which may help cryptocurrency users navigate and transact more efficiently.
BitPay It expanded its platform in January by supporting a wide range of cryptocurrencies, such as Uniswap (UNI), Chainlink (LINK), and BNB. This allowed customers to use digital assets to pay bills and purchase goods.
Earlier this month, MoonPay allowed US customers to buy and sell more than 110 cryptocurrencies via PayPal. This integration overcame banking limitations, boosted transaction success rates, and expanded available currencies, including Solana (SOL), Tether, and Dogecoin (DOGE), while protecting users' personal and card details.
Mastercard partnered with MoonPay in October to explore potential integrations and consumer loyalty opportunities in the emerging web3 ecosystem.