Hardware wallet Trezor has integrated with MoonPay and SatoshiLabs-founded Invity platform to enable crypto trading features directly in the wallet.
The new cooperation with the cryptocurrency finance firm MoonPay, hardware wallet company Trezor is advancing its efforts to support direct cryptocurrency purchases.
Trezor, Czech Republic-based hardware wallet provider, has partnered with MoonPay to allow its customers to buy crypto directly in their hardware wallet, according to an announcement on Wednesday.
Backed by major industry investors including Tiger Global and Coatue, MoonPay is a crypto payment service that allows users to buy and sell cryptocurrencies and nonfungible tokens (NFTs) using debit cards, credit cards, and other payment methods. The company raised $87 million in April 2022 from financiers like Justin Bieber and Snoop Dogg to concentrate on NFTs and Web3.
The collaboration with MoonPay builds on Trezor’s previous partnership with Invity, a crypto exchange comparison tool integrated directly into the wallet.
Similar to Trezor, Invity is a startup company run by Tre SatoshiLabs, its parent company. The platform connects clients with trusted partner exchanges to provide direct-to-custody trades with various payment methods. The three platforms work together to offer to buy, sell, and exchange services that are integrated within the hardware wallet.
The new integration allows customers to buy and sell a wide number of cryptocurrencies through a non-custodial crypto wallet, helping users to better protect their funds. More than 1,000 cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Tether (USDT), Binance Coin (BNB), Cardano (ADA), and others, are supported by Trezor as of this writing.
The latest news is yet another milestone for crypto purchases on Trezor, as the hardware wallet has been previously supporting crypto buys on its native app Trezor Suite via an in-app Trade feature. Since at least late 2020, the option has been accessible through the Invity-created cryptocurrency exchange comparison tool, according to a blog post by Trezor.
According to Antonio Talledo, senior business development manager at MoonPay, “by enabling Trezor customers to buy crypto directly from their wallet, we’re tapping into a committed cohort of cryptocurrency users that take security extremely seriously.” “Through this alliance with MoonPay, we’re leading the charge to grant billions of people safe, unrestricted, and simple financial freedom.”
