According to recent reports, Dubai-based digital asset exchange platform Blockfinex and financial technology company MoonPay have announced a collaboration to make crypto trading easier for investors with diverse payment options.
MoonPay, a crypto payment service, lets customers use Google Pay, Apple Pay, credit cards, debit cards, and Pix to trade virtual assets like cryptocurrencies and NFTs with fiat currency. Therefore, it became a great choice for the recently-founded Blockfinex, a global exchange, to enable its users to use different kinds of payment methods to buy digital assets.
Now Blockfinex will be able to attract more users who prefer to transact in fiat currency while purchasing digital assets. Eventually, the collaboration makes it easier for both experienced and inexperienced investors to get their hands on cryptocurrency and customers with regular payment options. They may now easily obtain USDT stablecoins to invest in cryptocurrencies like Ethereum and bitcoins. Those who are unable to use their traditional banking systems to purchase cryptocurrencies would benefit greatly from this arrangement.
Blockfinex users to leverage MoonPay’s capabilities
As a result of the cooperation with MoonPay, Blockfinex users can use debit or credit cards connected to their bank accounts to buy, sell, and deposit cryptocurrency on the Blockfinex exchange. Daniel Oyekan, Blockfinex’s founder and CEO, commented on the recent partnership by stating:
“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.”
It is noteworthy that following its first major VC fundraising round in October of last year, Moonpay has become one of the few crypto unicorns in existence. Interestingly, Post Malone’s MV The Weeknd, has helped promote Moonpay as a method for new people to enter the Web3 world.
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