Home Finance MoonPay partners with Flow, unlocking fiat access across the US for all Flow ecosystem partners and bolstering Flow’s commitment to reaching global mainstream audiences

MoonPay partners with Flow, unlocking fiat access across the US for all Flow ecosystem partners and bolstering Flow’s commitment to reaching global mainstream audiences

by jcp

5th August 2021: MoonPay, the global payments solution for cryptocurrency, has announced it has partnered with Flow, the consumer and developer-friendly blockchain powering the next generation of games, apps, and digital assets. The partnership will for the first time integrate a fiat-onramp for Flow’s stablecoin, FUSD, for US customers to access the rich experiences built on Flow, in addition to offering coverage to over 150 countries.

MoonPay’s unique fiat on-and-off-ramp infrastructure democratizes blockchain access by allowing users to participate directly via traditional fiat payment methods. Through this new partnership, customers will now be able to seamlessly interact with the Flow ecosystem, accessing a range of blockchain powered games, entertainment, sports and news with the comfort of credit card onboarding.

Created by Dapper Labs, the team behind NBA Top Shot and CryptoKitties, Flow’s consumer-centric mission is to bring NFTs to the mainstream at scale in a sustainable way by empowering developers to build amazing experiences. The partnership with MoonPay, who shares their sustainable goals and developer empowerment vision, will allow any team building on Flow the ability to offer direct fiat on-ramp functionality to their audience globally from day one, including US consumers.

The partnership allows users to  be able to purchase the first stablecoin on Flow issued by Prime Trust, FUSD, which launched in June. This is the first FUSD on-ramp in the US. Elsewhere, users, excluding those in the US and Canada, will be able to purchase FLOW, the native token of the Flow network.

Ivan Soto-Wright, co-founder and CEO of MoonPay said, “NFTs are revolutionising how we interact with our favourite games, sports stars and with wider culture, so it’s vital that everyone can access them without any barriers. Flow has changed the game and we are looking forward to collaborating with the team to create a seamless NFT experience and bring it to the mainstream.”

Peter Siemens, Developer Experience Lead, Flow, “It was vital that we found a partner who could not only provide a solution but also shared our mission of providing a high quality user experience with minimal friction for both developers and consumers. With MoonPay’s impressive infrastructure, consumers can unlock the magic of NFTs across the whole ecosystem safely, and with  the knowledge that they are simultaneously supporting more sustainable integration across the crypto economy.”

You may also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More