MoonPay, BitPay partner to simplify crypto transactions

MoonPay, a web3 fintech firm, and BitPay, a crypto payments platform, have teamed up to simplify crypto transactions, aiming to make the process smoother.

MoonPay announced via social media that the partnership would enable easier and faster crypto sales, 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 crypto users navigate and transact more efficiently.

MoonPay 🤝 BitPay

We’ve partnered with @BitPay to make it faster and easier to sell your crypto, and send it to your bank account or debit card.

Try it here: https://t.co/PdapAmGeGz pic.twitter.com/RrzAfTOo5n

— MoonPay 🟣 (@moonpay) May 7, 2024

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BitPay expanded its platform in January by supporting a wider range of cryptocurrencies, like Uniswap (UNI), Chainlink (LINK), and BNB. This allowed customers to use digital assets for bill payments and goods purchases.

Earlier this month, MoonPay allowed U.S. customers to buy and sell over 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.

Read more: Visa vs. stablecoins: are they really competing?

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