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MoonPay, BitPay partner to simplify crypto transactions
MoonPay, a web3 fintech company, and BitPay, a crypto payments platform, have collaborated to streamline crypto transactions, aiming to make the process smoother.
MoonPay announced via social media that the partnership will enable easier and faster cryptocurrency sales by streamlining how users transfer cryptocurrency to their bank account or debit card.
The integration aims to simplify the digital finance landscape and provide accessible payment solutions, potentially helping cryptocurrency users to navigate and transact more efficiently.
BitPay expanded its platform in January to support a wider range of cryptocurrencies, such as Uniswap (UNI), Chain (CONNECTION), AND BNB. This allowed customers to use digital assets for paying bills and purchasing goods.
Earlier this month, MoonPay allowed US customers to buy and sell over 110 cryptocurrencies via PayPal. This integration overcame banking limitations, increased transaction success rates, and expanded available currencies, including Solana (SOL), Tether and Dogecoin (DOGE), while protecting users’ personal and card data.
MasterCard collaborated with MoonPay in October to explore potential integrations and consumer loyalty opportunities in emerging countries web3 ecosystem.