Paxful, a global peer-to-peer crypto market, has today introduced MoonPay to its platform, a payment infrastructure solution for cryptocurrency. The partnership will give Paxful users the option to make automated debit and credit card payments within the platform.
Users will see a link where they can input their debit or credit card information and receive bitcoin automatically in their Paxful wallet, with no human or software interaction. Initially, MoonPay will act as a debit and credit card processor on Paxful receiving three major currencies, USD, EUR, and GBP with the potential to add more fiat currency in the future.
“We are very happy to have MoonPay on board to join Paxful in its fight to provide fair financial opportunities for all. We continue to expand our list of payment methods and processors to give our users better access to financial services. The addition of MoonPay allows our users to process credit card payments quickly and cheaply. This is an important step in providing a seamless user experience as we are always listening to our community and striving to improve our platform ”said Ray Youssef, CEO, and co-founder of Paxful.
The benefit of this integration lies in truly seamless transactions that also take much less time to complete. In addition, MoonPay will help dramatically reduce processing fees, achieve reduced payment rejections, and is a widely respected institutional partner. MoonPay and Paxful share a similar vision of improving access to cryptocurrencies.
“MoonPay and Paxful have a shared commitment to driving the global adoption of cryptocurrencies, and this integration brings us one step closer,” said Ivan Soto-Wright, Co-founder and CEO of MoonPay. “We are delighted to partner with one of the leading peer-to-peer crypto markets, and provide millions of larger users with a trusted payment infrastructure on board cryptocurrencies.”