MoonPay Buys Iron for $100M to Boost Crypto Payments

MoonPay, a leading crypto payment infrastructure, is making big moves in the digital financial industry. In a recent development, the company bought Iron, which builds stablecoin payment systems, in a deal worth at least $100 million. 

This move is poised to help MoonPay offer businesses and fintech companies faster and safer ways to use stablecoins for payments. MoonPay competes with big players like PayPal and Stripe by adding stablecoin technology.

What Businesses Can Expect from This Deal

In a recent statement, MoonPay’s co-founder and CEO, Ivan Soto-Wright, said this acquisition will help enterprises, fintechs, and global merchants access instant and programmable payments. Iron’s payment system can help businesses instantly accept stablecoin payments from anywhere in the world. 

It also allows merchants to hold and manage different currencies in one place as the system has built-in security features like anti-money laundering checks and identity verification. These features make it easier and safer for companies to use stablecoins in daily transactions.

MoonPay Expands Its Crypto Services

MoonPay started as a way to buy crypto with debit cards, bank transfers, and mobile payments like Google Pay and Apple Pay. Now, it is becoming much more. With Iron’s technology, MoonPay can help businesses accept stablecoins, make instant payments, and manage digital money across different currencies.

MoonPay’s latest move is similar to that of Stripe, a major payment company that bought a stablecoin platform called Bridge for $1.1 billion in 2024. Just like Stripe, MoonPay is now focusing on enterprise-grade stablecoin payments.

Meanwhile, this is not MoonPay’s only big purchase this year. In January, it also bought Helio, a Solana-based payments company, for $175 million. These deals bring MoonPay closer to its goal of making crypto payments simple and easy for everyone.

MoonPay’s Plan for the Future

MoonPay is quickly becoming a leader in digital payments. Last year, the platform received approval under the European Union’s Markets in Crypto-Assets (MiCA) regulation. This license has proven that the firm is compliant with MiCA’s rigorous standards. 

The MiCA license has allowed users to interact with the platform’s fiat-to-crypto and crypto-to-fiat payment services across Europe.  The approval has also positioned MoonPay for the expansion of its services in the European crypto ecosystem. The company will also be able to lead innovation in the same region.

As stablecoins gain more use in global trade, MoonPay ensures businesses have the right tools to keep up. With faster payments, better security, and more options for digital money, MoonPay is shaping the future of how businesses handle crypto transactions.