Bitpay taps MoonPay to offer access to +60 cryptocurrencies
Crypto payment service provider Bitpay said it’s partnering with exchange and web3 infrastructure provider MoonPay to provide its users with easier access to buy cryptocurrency instantly.
The two will be collaborating across a variety of verticals as a part of their deal, making it easier than ever for BitPay users to access more than 60 popular cryptocurrencies. With MoonPay, the US-based provider is reducing barriers to crypto adoption by offering a simple and secure solution that lets people buy and sell crypto using payment methods they’re familiar with, like credit and debit cards, Apple Pay, and Google Pay.
Additionally, MoonPay’s payments infrastructure provides a seamless and easily understood experience to investors to convert between fiat, cryptocurrency and non-fungible tokens (NFTs), further lowering the barrier to entry into the world of web3 early investing.
To celebrate this partnership, BitPay, which bills itself the world’s largest provider of Bitcoin and cryptocurrency payment services, will waive fees on crypto purchases for first time buyers. Customers can buy crypto via the MoonPay integration online at BitPay.com or within the wallet app.
MoonPay is a Miami-based crypto payments company that values itself at $3.4 billion. The firm is backed by investments from NBA star Paul George, former tennis star Maria Sharapova, and musicians Drake and Justin Bieber.
“BitPay’s partnership with MoonPay brings together two leaders of the crypto payments space to give BitPay users near-instant access to cryptocurrency,” said Bill Zielke, CMO of BitPay.
“Our partnership with BitPay is an important step forward in our mission to onboard the world to Web3, providing people around the world with easier access to digital assets and services,” said Harry Peatson, Partner Account Manager at MoonPay. “This partnership will provide users with a greater variety of ways to buy cryptocurrencies, allowing them to use their preferred buying methods, and with much greater speed of delivery than previously.”
BitPay facilitates the acceptance of cryptocurrencies by monitoring, validating, and confirming client transactions on each blockchain. On the merchant side, Bitpay allows clients to settle in Bitcoin, Ethereum and Bitcoin Cash, and has recently added options to settle in multiple stablecoins.
BitPay allows users to purchase cryptocurrency directly in the App with bank cards thanks to a partnership with payment provider Simplex. In total, it currently supports 12 cryptocurrencies including BTC, BCH, DOGE, ETH, LTC, WBTC, XRP and stablecoins BUSD, DAI, GUSD, PAX and USDC.
