Trezor collaborates with MoonPay to enable cryptocurrency-based transactions

Trezor collaborates with MoonPay to enable cryptocurrency-based transactions

Hardware walletcompany Trezor will be allowing direct cryptocurrency purchases through a new collaboration with the cryptocurrency financial technology (fintech) startup MoonPay, as reported by Cointelegraph.

According to Cointelegraph, Trezor, a Czech Republic-based hardware wallet provider, has entered into a partnership with MoonPay to allow customers purchase cryptocurrency directly in their hardware wallet, as per a recent announcement. Backed by industry investors including Tiger Global and Coatue, MoonPay is a cryptocurrency payment service to permit customers buy and sell cryptocurrencies and non-fungible tokens (NFTs) through usage of debit cards, credit cards and other payment technqiues. In April, 2022, the firm clocked $87 million from investors such as Justin Bieber and Snoop Dogg, to focus on NFTs and Web3.0.

On the basis of information by Cointelegraph, the collaboration with MoonPay builds on Trezor’s earlier partnership with Invity, a cryptocurrency exchange comparison tool integrated directly into the wallet. Invity, which is a startup functioning under the parent company SatoshiLabs, connects clients with trusted partner exchanges to provide direct-to-custody trades through different payment methods. Combined, the three platforms provide buy, sell and exchange features directly in the Trezor wallet. This new development allows customers to buy and sell a range of cryptocurrencies through a noncustodial cryptocurrency wallet.  

Moreover, Cointelegraph noted that the latest update is anticipated to be important for cryptocurrency purchases on Trezor, as the hardware wallet has been previously supporting cryptocurrency buys on its native application Trezor Suite through an in-app trade feature. The option has been present through the cryptocurrency exchange comparison tool created by Invity since at least late 2020, Trezor stated through a blog post.

“By allowing Trezor owners to buy crypto directly from their wallet, we’re tapping into a cohort of cryptocurrency users who take security seriously. Through this partnership with MoonPay, we’re taking the lead to bring secure, borderless and easy financial freedom to billions,” Antonio Talledo, senior business development manager, MoonPay, said.  

(With insights from Cointelegraph)

Also Read: Helium developers suggest switching to Solana from its own blockchain

Follow us on TwitterFacebookLinkedIn

Source link

Related post

Next to Nice: A tale of two Slovenian cryptocurrency sponsorships

Next to Nice: A tale of two Slovenian cryptocurrency…

A handful of times a year, the pro road cyclists of the world compete in their national kits rather than their…
$49 million in education funds coming to the Commonwealth

$49 million in education funds coming to the Commonwealth

HARRISBURG, Pa. (WHTM) – Pennsylvania’s education system is getting a big boost. The Department of Education recently released $1 billion to…
Global Europe: President von der Leyen announces funding for women and youth’s rights, food security, fight against disease, and biodiversity – World

Global Europe: President von der Leyen announces funding for…

The President of the European Commission, Ursula von der Leyen, has concluded an intense week of discussions with world leaders and…

Leave a Reply

Your email address will not be published.