Block, Jack Dorsey's fintech startup, and payment provider MoonPay have teamed up to enable easier Bitcoin (BTC) purchases via traditional methods
Bitcoin (BTC) hardware wallet Bitkey has teamed up with payment provider MoonPay to enable easier BTC purchases via traditional methods such as bank cards, Google Pay, PayPal, and more.
Both entities announced the news in a press release on Tuesday, revealing that Bitkey will onboard MoonPay infrastructure to enable the new feature for financial participants.
According to the announcement, MoonPay’s existing user base, which is already KYC-registered with stored payment methods, will facilitate smoother fiat-to-crypto onramps. Later this year, Bitkey also plans to launch “MoonPay sell,” enabling crypto-to-fiat conversions.
“These partnerships are not just about expanding Bitkey’s capabilities; they represent a commitment to growing the self-custody and broader Bitcoin ecosystem,” the companies noted in the press release.
The digital asset industry boasts a $2.4 trillion market built on blockchain cryptography and virtual assets. As adoption grows and has not fully proliferated global economies, corridors supporting value exchange between cryptocurrencies and fiat vehicles remain crucial for the nascent market.
“Bitkey now lets you buy bitcoin your way with @moonpay. MoonPay offers a quick and straightforward way to buy bitcoin using any major payment method, including PayPal, Apple Pay, and Google Pay—and it’s now available in the Bitkey app.”
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