Latest news with #MoonPay
Yahoo
14 hours ago
- Business
- Yahoo
MoonPay Adds Single-Click Crypto Payments for Revolut Users in UK, EU
Crypto payments platform MoonPay said it has connected to Revolut Pay, allowing users to buy digital assets with a single click from their accounts at Europe's most valuable startup. The option is aimed at streamlining transactions for U.K. and European customers who rely on neobanking apps like for everyday purchases. By allowing Revolut users to confirm crypto purchases with biometric ID or a passcode, it eliminates some of the common friction points faced by crypto buyers, particularly the card declines and identity verification delays that can disrupt transactions. Revolut Pay, introduced as a direct-from-account payment feature for online checkouts, comes with built-in fraud protection and instant transaction processing. The integration will extend to all of MoonPay's 500-plus partner platforms, including popular wallets and decentralized apps. Ivan Soto-Wright, CEO of MoonPay, framed the move as a bridge between traditional finance and crypto. 'Integrating Revolut Pay into MoonPay means millions of Revolut users can now buy crypto with the payment method they already trust and use every day,' he said in a statement. For end users, the update means faster onboarding and smoother repeat transactions. For MoonPay's partner platforms, the addition of a widely adopted European payment method could help cut drop-off rates at checkout and broaden crypto's retail base in regulated markets. The change highlights a growing trend as crypto services tap into mainstream fintech payment infrastructure, aiming to normalize digital asset purchases for everyday consumers. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
2 days ago
- Business
- Finextra
MoonPay lets users buy crypto with Revolut Pay
MoonPay now supports 1-click cryptocurrency purchases using Revolut Pay, enabling a frictionless way to move money from your neobank directly into crypto. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This integration simplifies transactions for MoonPay users who have a Revolut account and use it for online transactions, bypassing challenges faced with debit and credit card transactions. 'MoonPay has always bridged the gap between the traditional financial system and the crypto economy, said Ivan Soto-Wright, CEO and co-founder of MoonPay. 'Integrating Revolut Pay into MoonPay means millions of Revolut users can now buy crypto with the payment method they already trust and use every day.' What is Revolut Pay? Revolut Pay is a fast and easy way to pay directly from your Revolut account in 1 click, and comes with extra security measures built in. Simply select Revolut Pay at checkout, then authorise the purchase in-app with a passcode or biometric ID. No other details are needed, but Revolut Pay's advanced fraud monitoring may have you confirm the transaction. Key benefits include: • Instant, Easy Access: Buy crypto in seconds using Revolut Pay, with no extra steps or account switching. • Expanded Crypto Options: Trade MoonPay's extensive range of cryptocurrencies • Streamlined Identity Verification: Complete KYC once on MoonPay and access 500+ partner apps and wallets, including Zengo, Solflare, Uniswap, OpenSea, Bybit, Sweat Wallet, and more, for effortless trading. • Smart Checkout Features: Enjoy repeat purchases and enterprise-grade security. MoonPay's integration with Revolut Pay is a game-changer, as it simultaneously enables the payment option for all 500+ of MoonPay's partners. By reducing payment-related drop-offs and delivering a seamless checkout experience, Revolut Pay enables users to complete frequent transactions more easily, fostering long-term customer loyalty. With each integration, MoonPay increases the total addressable market for its partners. Revolut Pay, one of the most popular payment platforms in the UK and EU, offers faster onboarding with just 1 click, broadening MoonPay's reach as the world's most accessible crypto payments platform.
Arabian Post
2 days ago
- Business
- Arabian Post
Creators Gain ‘Freedom Wallet' via Rumble–MoonPay Alliance
Rumble has unveiled its new 'Rumble Wallet' in collaboration with crypto‑payments specialist MoonPay, designed to empower content creators by enabling them to monetise and manage earnings with Bitcoin and other digital assets directly on the platform. The wallet, slated for launch in the third quarter of 2025, will feature seamless on‑ and off‑ramps for buying, selling and swapping cryptocurrency—a move aimed at reducing dependence on traditional banking systems. Chris Pavlovski, Rumble's founder and chief executive, described the wallet as a milestone in creator autonomy: 'We're not just building tools – we're building freedom.' MoonPay CEO Ivan Soto‑Wright echoed that sentiment, stating the partnership bridges digital currency's financial liberty with Rumble's commitment to free expression. An extension of the deal sees MoonPay's creative agency, Otherlife, migrating to Rumble Cloud to leverage decentralised computing and storage. This announcement follows Rumble's strategic deployment of Bitcoin in its own treasury. In March the company purchased 188 BTC for approximately $17.1 million—viewed as a hedge against fiat devaluation and emblematic of its broader crypto‑centric strategy. With Tether's USDT issuer having infused $775 million into the company, Rumble has signalled a full throttle entry into digital assets and Web3 ecosystems. ADVERTISEMENT Experts suggest the move addresses two long‑standing challenges for digital creators: financial friction and platform constraints. 'Creators often struggle with payment delays and high fees when dealing with traditional financial systems,' said a blockchain industry analyst. 'A native crypto wallet can dramatically reduce those frictions.' He added that integrating effective fiat‑crypto conversion via MoonPay should smooth adoption among creators unfamiliar with digital asset protocols. MoonPay, founded in 2019 and valued at about $3.4 billion in 2022, offers licensed fiat‑on‑ramps globally, including card, Apple Pay, PayPal and Venmo options. The company's integration with Rumble aims to tap its existing infrastructure, trusted by more than 30 million users across 160 countries. By embedding MoonPay's infrastructure, Rumble can offer creators turnkey access to crypto, a contrast to more cumbersome typical workflows that require redirecting to external exchanges. Rumble's upcoming wallet supports Bitcoin, other leading cryptocurrencies and potentially stablecoins—though an exact asset list remains pending confirmation. Analysts note that the cloud integration with Otherlife could signal a broader alliance. 'This demonstrates how creators will not only be paid in crypto but may begin producing content within decentralised architectures,' said a Web3 researcher. The integration hints at deeper infrastructure endeavours that go beyond simple financial services. Nevertheless, the initiative comes with potential regulatory and operational challenges. Embedding crypto payments entails navigating financial compliance, anti‑money‑laundering frameworks and jurisdictional licensing. MoonPay, regulated in multiple regions including the US, UK, EU, Canada and Australia, brings compliance safeguards, but regulatory divergence across markets may complicate global rollout. Market watchers are also scrutinising user adoption: success depends on creators embracing and understanding crypto. 'Education and user experience will determine if this becomes mainstream or remains a niche feature,' commented a product strategist focused on creator platforms. Financially, the partnership may create new revenue streams for both companies. Rumble could capture transaction fees and enhance its value proposition, attracting creators who prioritise payment sovereignty. MoonPay, servicing a known digital creator base, may consolidate its position as a backend provider for on‑platform crypto services. Rumble's stock has responded positively to the announcement, maintaining interest from retail investors who view its crypto pivot and independence from traditional Big Tech as pivotal. However, volatility in crypto markets and evolving regulations could influence long‑term outcomes.
The Verge
5 days ago
- Business
- The Verge
Even crypto execs fall for crypto scams
It's not every day you hear of cryptocurrency executives falling for crypto scams, but here we are. A complaint filed by the Department of Justice appears to reveal that a pair of MoonPay executives lost $250,000 worth of Ethereum when donating to what they thought was President Donald Trump's inauguration, as first reported by NOTUS. Though the DOJ doesn't explicitly identify the victims, the filing contains screenshots of emails that include their first names, Ivan and Mouna. These names line up with MoonPay CEO Ivan Soto-Wright and the company's chief financial officer, Mouna Ammari Siala, NOTUS found. The complaint also includes an Etherscan link to the transaction between the victims and the alleged scammer, which shows a wallet address that has been identified as belonging to Soto-Wright in the past, NOTUS reports. MoonPay has been heavily touted by celebrities and was even named in a class action complaint about how it was used to compensate the stars who promoted Bored Ape Yacht Club NFTs (which have tanked in value). The company also played a role in helping people buy Trump's memecoin, with the company saying it gained more than 750,000 new users after it was introduced. In the complaint, the DOJ claims the victims received an email from someone pretending to be Steve Witkoff, the co-chair of Trump's Inaugural Committee. Their email was listed as 'steve_witkoff@t47lnagural,' with an 'L' instead of an 'i' in 'inaugural.' The alleged scammer asked the victims to deposit their donation of $250,000 in Ethereum to a crypto wallet, which they did. 'Hi Steve- our contribution of $250k was just processed. Here is the confirmation,' a December 26th, 2024 email from Mouna stated, alongside a link to the transaction. The DOJ claims the scammer, who was later linked to someone in Nigeria, attempted to launder the funds by sending them to 'numerous' other crypto addresses. The Verge reached out to MoonPay with a request for comment but didn't immediately hear back.
Yahoo
6 days ago
- Business
- Yahoo
Rumble Taps MoonPay for Crypto Wallet Ahead of Q3 Launch
Video-sharing platform Rumble (RUM) struck a deal with crypto payments provider MoonPay for its forthcoming cryptocurrency wallet, the company told CoinDesk on Thursday. The Rumble Wallet, scheduled to go live in in the third quarter, will integrate MoonPay's infrastructure to handle seamless conversions between digital assets and fiat currency, and will let users buy, sell and swap crypto directly on the video-sharing platform, aiming to give creators more control over how they're paid. "Rumble Wallet will change the game for creators, and MoonPay is the perfect partner to bring that vision to life,' said Rumble founder and CEO Chris Pavlovski. 'We're not just building tools, we're building freedom." MoonPay's creative subsidiary, Otherlife, will move its operations to Rumble Cloud, the firm's cloud-service platform as part of the deal. Otherlife will use the decentralized storage and compute services to produce content natively in Web3 environments. The move is part of Rumble's growing crypto ambitions since Tether, the company behind the largest stablecoin, USDT, bought a $775 million stake in the firm. Rumble has also added bitcoin (BTC) to its balance sheet, and said it planned to introduce crypto payments with BTC, USDT and Tether's tokenized gold, XAUT.
