Its service is now used by more than 10 million customers in 160 countries.
MoonPay says it has been profitable since launching its platform in 2019. It's a brand new asset class and we have a brand new subset of that asset class, which is NFTs." There's always going to be periods of volatility. "I've seen many of these different cycles before.
"It's been a rough few months for crypto," Soto-Wright said. The crypto space is still reeling from the fallout of the $60 billion collapse of two major tokens last month. The company's latest product launch comes amid an extended selloff in cryptocurrencies, as investors continue to grapple with aggressive interest rate hikes from the Federal Reserve and a worsening liquidity crunch that has pushed major players into financial difficulty. The recent market volatility and risk-off investor environment hasn't been kind to crypto trading, but Soto-Wright's vision is to expand the platform to include everything from digital fashion to tokenized stocks. For now, that includes bitcoin, ether and other digital tokens like NFTs. MoonPay's pitch to investors is that it offers a "gateway" to digital assets. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.Best Debt Consolidation Loans for Bad Credit Polygon’s scaling solutions have seen widespread adoption with 450+ Dapps, ~350M txns, and ~13.5M+ unique users. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. MoonPay is active in more than 160 countries and is trusted by 300+ leading wallets, websites, and applications to accept payments and defeat fraud. Our on-and-off-ramp suite of products provides a seamless experience for converting between fiat currencies and cryptocurrencies using all major payment methods including debit and credit card, local bank transfers, Apple Pay, Google Pay, and Samsung Pay. MoonPay is a financial technology company that builds payments infrastructure for crypto. The arrival of MoonPay on Polygon will attract more users into the DeFi space by providing a superior user experience. MoonPay’s high-end system will facilitate the process of digital payments at high speed and accuracy with Polygon. The Technology-first approach to AML - AML-monitoring system works to eliminate malicious actors in real-time, ensuring thorough dealing with complaint users.Chargeback protection - MoonPay ensures guaranteed chargeback protection that covers costs and time, bearing risks out of cryptocurrency payment solutions.Intelligent fraud detection - Basically, proprietary fraud engines leverage the most advanced machine learning models and concepts to calculate highly accurate risk profiles, defeat fraud and improve conversion.MoonPay’s exclusive on-and-off-ramp solution blends together the fiat and crypto aspects of a transaction to offer a first-of-its-kind NFT offering that’s safe and secure. MoonPay Sell is now live in the USA for seamless crypto-cashouts via ACH direct deposit.MoonPay will soon support the purchase of NFTs on ERC 721 and ERC 1155 priced in USD and ETH. This helps hundreds of thousands of users in easing out their process of payment transactions. They will be responsible for analyzing risk, processing the payments with the card company, and finalizing the transaction. They support various payment methods which include Visa and Mastercard, Virtual Cards including Apple Pay, Google Pay, and Samsung Pay. MoonPay backs up some of the leading cryptocurrency wallets, applications, and websites for payment solutions. It allows the conversion of funds between digital currency and fiat currency and vice versa. MoonPay’s application performing interface (API) looks into various factors such as Know-You-Customer (KYC) and Anti-Fraud requirements. It is an easy, powerful, and effortless solution to integrate. MoonPay, a one-stop payment solution for cryptocurrency, is launching on Polygon.
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