MoonPay Partners With Crypto Exchange Blockfinex
- MoonPay has partnered with crypto trading exchange Blockfinex allowing users of the platform to buy and sell virtual assets like cryptocurrencies and NFTs using fiat currencies.
- MoonPay will help the crypto trading platform to purchase crypto assets like Ethereum and bitcoins by enabling them purchase the largest stablecoin by market capitalization, Tether (USDT).
- MoonPay also recently partnered with digital collectibles marketplace based on the Flow network Jambb and crypto platform CoinGate.
Popular crypto payments platform, MoonPay, has partnered with crypto trading exchange Blockfinex, and according to the official announcement, this will allow users of the platform to buy and sell virtual assets like cryptocurrencies and NFTs using fiat currencies, and they can use any application or card like debit cards, credit cards, Apple Pay, Google Pay, or Pix.
As per a report, the new partnership will make it very easy for crypto investors to buy digital assets on Blockfinex and thus help Blockfinex to expand its user base and gain advantage over other exchanges. It is crucial to note that with the deal taking place, MoonPay will help the crypto trading platform to purchase crypto assets like Ethereum and bitcoins by enabling them purchase the largest stablecoin by market capitalization, Tether (USDT).
It is also crucial to note that the partnership between MoonPay and Blockfinex will be particularly relevant for those potential investors who haven’t been able to buy cryptocurrencies directly through their bank accounts due to some reason or the other. Therefore, the cards that have been linked to the bank accounts can be used to purchase USDT and trade or invest in crypto assets.
Blockfinex is a newly launched crypto trading platform that allows investors to trade in various crypto assets and is based in Seychelles and Barbados with a hub in UAE, which is gradually aiming to become a crypto center.
“Cryptocurrencies and assets have become increasingly attractive as an asset class over the years. Between 2012 and 2022, the price of bitcoin has increased by over 540,000%. The partnership with MoonPay will allow users of Blockfinex across the globe to purchase cryptocurrencies with their physical or virtual cards. This new partnership is one of many that we are working on to accelerate crypto adoption and widen our customer base,”said Daniel Oyekan, the Founder and CEO of Blockfinex.
Interestingly, MoonPay has been striking various deals in the bearish market in order to come out of it as a major crypto payments firm. It recently announced its partnership with Jambb, a digital collectibles marketplace based on the Flow network, in an attempt to transform the way comedy content is consumed. Through the partnership, MoonPay introduced buy functionality on Jambb, allowing users to buy NFTs directly on the platform by using a credit card, without the extra steps of purchasing on an exchange and waiting days for funds to settle.
Along with Jambb and Blockfinex, MoonPay also partnered with CoinGate making it easier for users to buy Bitcoin, Ethereum, and 50+ cryptocurrencies using a credit card.