Novelty On The Cryptomarket! What Is MoonPay? MoonPay's Role in Trading Cryptocurrencies
Rebecca Duthie 13.04.2022 12:57
MoonPay is a Fintech start-up that builds payment infrastructures for cryptocurrencies. The start-up launched in 2019 with the aim to make the purchasing of cryptocurrency more accessible to people all over the world. More than 150 countries in the world can use MoonPay freely. The MoonPay mission, which is to make cryptocurrency accessible to “the next billion people”, has been clear from the start.
Including Ethereum (ETH), Solana (SOL) and Tether (USDT)
The MoonPay software allows people to buy and sell cryptocurrencies using major payment methods such as credit cards, debit cards, mobile wallets and bank transfers, thus making the trading of cryptocurrencies easier, especially for individuals who do not have access to the larger trading platforms. There are fees involved with these transactions, but based on customer reviews, users don't seem to find the fees an issue due to the service being fast and efficient.
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MoonPay teams up with cryptocurrencies and other companies in order to make their mission possible, and with Bitcoin being one of MoonPays first customers it's no wonder they have been excelling. People can buy and sell many types of cryptocurrencies (major and minor) using MoonPay’s platform, including Ethereum, Solana and Tether.
Justin Bieber, Snoop Dogg involved
MoonPay recently added non-fungible tokens (NFTs) to their trading list. NFTs are a type of crypto asset that makes use of blockchain technology to record who owns a file (image, video or text). As the desire for these NFTs increase, we can expect to see even more growth in MoonPay.
As part of their Series A funding round, MoonPay recently gained investments from some famous people, including Justin Bieber, Snoop Dogg, Bruce WIllis and Maria Sharapova.
Sources: MoonPay.com, Fortune.com.