BitPay, a cryptocurrency payments platform, and MoonPay, a web3 fintech company, will streamline cryptocurrency transactions.
Through social media, MoonPay revealed that the collaboration would facilitate quicker and simpler cryptocurrency sales, simplifying the process for users to move cryptocurrency to their bank account or debit card.
The integration may make it easier for cryptocurrency users to navigate and conduct transactions by streamlining the digital banking environment and offering easily accessible payment options.
In January, BitPay broadened the scope of its platform by adding support for additional cryptocurrencies, including BNB, Uniswap (UNI), and Chainlink (LINK).
This allows customers to utilize digital assets to pay their bills and buy products. MoonPay allowed US users to purchase and sell more than 110 cryptocurrencies using PayPal earlier this month.
This integration protected consumers’ card information and personal information while overcoming banking restrictions, increasing transaction success rates, and adding other currencies, such as Solana (SOL), Tether, and Dogecoin (DOGE).
In October, in order to investigate possible integrations and customer loyalty prospects in the developing web3 world, Mastercard teamed up with MoonPay.
