Within the realm of cryptocurrency payments, MoonPay is executing substantial maneuvers, having lately procured Iron, a stablecoin infrastructure upstart, to reinforce its corporate payment resolutions. This transpires as Stripe, invigorated by its $1.1 billion takeover of Bridge Network, escalates its involvement within the identical domain.
MoonPay, presently assessed at $3.4 billion post a staggering 112% net revenue surge in 2024, intends to employ Iron’s technology to furnish enterprises with swifter, more economical, and unrestricted stablecoin dealings. CEO Ivan Soto-Wright perceives this as MoonPay’s “Braintree juncture,” likening it to PayPal’s groundbreaking procurement that solidified its supremacy in credit card dispensation.
This denotes MoonPay’s subsequent noteworthy takeover in merely a couple of months, signifying its aspiration to spearhead the stablecoin payment transformation. Recollect that arrangement from the preceding October wherein Venmo empowered its 60 million US patrons to procure crypto utilizing their Venmo equilibrium via MoonPay? Indeed, they are not trifling around.
Given the stablecoin marketplace attaining an enormous $27 trillion in transactions during 2024, it’s evident that an increasing number of firms are adopting blockchain-anchored payments. MoonPay is arranging itself to emerge as a pivotal participant within this swiftly advancing panorama. TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America
