Moonpay buys iron in effort to reinforce Payments StableCoin

Moonpay has gained iron, starting a stable API infrastructure, on the move to improve the company’s payment solutions.

This signifies Moonpay’s Second great acquisition In two months, enhancing his ambition to lead a growing payment sector of stableCoin.

With iron technology, Moonpay aims to offer current, low costs and border transactions in Stablecoin. The offer mirror is that Paypal’s purchase of Braintree, who helped establish her domination in the processing of credit cards.

“This is our moment of Braintree,” Moonpai whole Ivan Soto-Vright told CNBC.

The Stablecoin The market is in 2024. years of 15 trillion transactions in transactions, and companies are increasingly adopted by the blockade-based payment.

The extension in Moonpay comes in the middle of a comic book competition, which recently acquired a bridge network in agreement of $ 1.1 billion. Moonpay, values ​​to $ 3.4 billion, reported 112% to increase net income in 2024. Years.

Last October, Venmo united With the Moon, allowing their 60 million US users to buy cripto using their veins.

CNBC reporting helped this article.