MoonPay Launches ‘MoonPay Balance’ for Easy Fiat Spending

As a seasoned analyst with years of experience in the fintech and cryptocurrency sectors, I find MoonPay’s latest offering, MoonPay Balance, to be a game-changer. Having navigated through numerous payment solutions, I can confidently say that this service is poised to revolutionize how users interact with decentralized finance platforms.


MoonPay recently unveiled a fresh payment instrument known as the “MoonPay Wallet”. This innovative tool enables users to save and spend traditional currencies such as euros, pounds sterling, among others, when interacting with decentralized financial services (DeFi).

As a crypto investor, I appreciate the convenience offered by MoonPay Balance. It enables me to hold my fiat balances securely within my account, empowering me to make transactions directly from my non-custodial wallets. This eliminates the need for third-party exchanges or services, ensuring that I maintain control over my funds. Moreover, it’s integrated with popular wallets like MetaMask, Phantom, and Bitcoin.com, making it a seamless experience for me to manage my crypto investments.

As an analyst, I’d express it this way: I’m delighted to note that our service offers a multitude of convenient payment solutions, such as SEPA, Faster Payments, and Open Banking. Currently, users residing in the UK and Europe can transact using GBP and EUR. We’re also working diligently to expand our currency support to include more options, like ACH for our valued U.S. users, aiming to make our service even more accessible globally.

As per MoonPay, their service doesn’t levy any charges for deposits, withdrawals, or transactions. Nevertheless, it’s important to note that fees from partner services might be applicable based on the particular service or transaction involved.

This service, which enjoys a strong acceptance, resolves problems such as refused credit card transactions or frozen bank accounts, and currently operates in the UK and majority of European nations, with the exception of Germany. However, MoonPay intends to extend its reach to the United States shortly.

As stated by CEO Ivan Soto-Wright, the MoonPay Balance has been engineered for speed, offering immediate transactions and reduced fees, which are significantly lower than those typically found on conventional platforms.

He stated that MoonPay Balance isn’t merely a payment tool, but rather a key driver propelling us into an epoch characterized by increased financial autonomy.

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2024-11-13 22:12