{"id":"moonpay","title":"MoonPay","content":"**MoonPay** is a financial technology company that provides infrastructure for [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) and [Web3](https://iq.wiki/wiki/web3) payments, allowing users to buy, sell, and manage digital assets. It offers solutions for on-ramps (fiat-to-crypto), off-ramps (crypto-to-fiat), token swaps, and [NFT](https://iq.wiki/wiki/non-fungible-token-nft) checkout. [\\[1\\]](#cite-id-e7e36S03pE) [\\[2\\]](#cite-id-NJcjV9DTQJ)​\n\n[YOUTUBE@VID](F2R-ZZwoPmU)\n\n## History\n\n### 2019-2021\n\nMoonPay was founded in 2019 by business partners Victor Faramond and Ivan Soto-Wright, the latter of whom became CEO with the goal of enabling anyone to buy cryptocurrency using a credit card. With headquarters in Miami, the company initially had a team of five people. [\\[1\\]](#cite-id-e7e36S03pE)​\n\nMoonPay began as a crypto payment exchange, letting users purchase crypto with traditional [fiat currency](https://iq.wiki/wiki/fiat-money) and then store those assets in their own wallets. MoonPay also built crypto-payment infrastructures for websites. [\\[9\\]](#cite-id-XxbIo0fy7g)​\n\nBy 2021, MoonPay had *\"processed $2 billion worth of crypto transactions\"* since its founding. It also converted \"all major payment methods\" into crypto, including credit cards and Apple Pay.\n\nThe software was integrated into major crypto exchanges such as [OpenSea](https://iq.wiki/wiki/opensea) and Bitcoin.com.\n\nIn its first financing round, MoonPay raised US 3.4 billion. [\\[9\\]](#cite-id-XxbIo0fy7g)​\n\n### 2022\n\nBy early 2022, MoonPay was positioning itself as the leading crypto payments infrastructure provider, according to *South Florida Business Journal*. That same month, it launched a first-of-its-kind feature allowing users to buy NFTs directly through marketplaces using MoonPay, eliminating the complicated process of setting up wallets and buying crypto separately. The update was praised by *Billboard* as “first-to-market technology.” Celebrities like Paris Hilton and Jimmy Fallon endorsed it on *The Tonight Show*. [\\[10\\]](#cite-id-IvZG4J6uYF)​\n\nMoonPay also made headlines by purchasing NFTs directly from auction houses, including a rare [*World of Women* NFT](https://iq.wiki/wiki/world-of-women) for $754,340 at Christie’s. [\\[11\\]](#cite-id-FMM1rJcc3d)​\n\nBy March 2022, MoonPay was integrated into 250+ wallets, websites, and apps across 160 countries. Following the Russian invasion of Ukraine, it stopped supporting accounts in Russia, Ukraine, and Belarus. Around this time, it brought on James Freis, former FinCEN director and Wirecard whistleblower, as a regulatory adviser. [\\[12\\]](#cite-id-TLaeRVcX2l)​\n\nIn April 2022, MoonPay raised $87 million from 60+ celebrity investors (including The Chainsmokers) and revealed it had been profitable since launch, serving over 10 million users. It was ranked #44 on CNBC’s 2022 *Disruptor 50* list and later that summer, announced an NFT checkout partnership with MasterCard. [\\[13\\]](#cite-id-Y7BJjoX6EU)​\n\nIn June 2022, MoonPay launched HyperMint, an NFT minting platform aimed at giving creators more control compared to centralized platforms like [OpenSea](https://iq.wiki/wiki/opensea). It partnered with Universal Pictures, Fox, Death Row Records, and Creative Artists Agency. *Snoop Dogg* used it to launch a token-gated merch store, and FaZe Clan joined as a partner in July. [\\[14\\]](#cite-id-VEoKqvHUdS)​\n\nHowever, the crypto and NFT market faced a sharp downturn by late 2022. One major investor, Tiger Global, cut MoonPay’s internal valuation to $2.8B.\n\nIn December 2022, MoonPay and [Yuga Labs](https://iq.wiki/wiki/yuga-labs) were hit with a class-action lawsuit alleging they used celebrity endorsements to artificially inflate NFT prices without proper disclosure. MoonPay denied wrongdoing, saying disclosures were made and looked forward to dismissal. [\\[15\\]](#cite-id-e6dyi0ncKB)​\n\nIn early 2023, Keith Grossman, former president of *TIME*, joined MoonPay as President of Enterprise, bringing his experience with *TIMEPieces*, the magazine’s NFT collection. [\\[15\\]](#cite-id-e6dyi0ncKB)​\n\n## Overview\n\nThe company provides checkout experiences for various crypto wallets and applications, supporting payment methods like Apple Pay, Google Pay, PayPal, and Venmo [\\[1\\]](#cite-id-e7e36S03pE). MoonPay aims to simplify access to [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) and facilitate its integration into the financial system [\\[1\\]](#cite-id-e7e36S03pE).\n\nMoonPay provides a suite of [APIs](https://iq.wiki/wiki/apis) and SDKs designed for [Web3](https://iq.wiki/wiki/web3) integrations, specializing in on-ramps, off-ramps, token swaps, and digital collectible management [\\[2\\]](#cite-id-NJcjV9DTQJ). The platform supports multiple [Web3](https://iq.wiki/wiki/web3) use cases, offering a streamlined experience for users at every step [\\[2\\]](#cite-id-NJcjV9DTQJ).\n\nMoonPay's solutions cater to the evolving needs of the [Web3](https://iq.wiki/wiki/web3) landscape, providing tools for developers interested in leveraging [Web3](https://iq.wiki/wiki/web3) authentication and [blockchain](https://iq.wiki/wiki/blockchain) technology. [\\[7\\]](#cite-id-J6mNrLBogv)​\n\nMoonPay reports that over 30 million people worldwide use its platform to access [cryptocurrency](https://iq.wiki/wiki/cryptocurrency), and more than 300 platforms utilize its infrastructure to onboard users [\\[1\\]](#cite-id-e7e36S03pE). The company operates in over 180 countries and supports transactions with over 50 tokens [\\[1\\]](#cite-id-e7e36S03pE). MoonPay has processed over $9 billion in transaction volume [\\[1\\]](#cite-id-e7e36S03pE).\n\n[YOUTUBE@VID](LM6Q1zyb8jM)\n\n## Key Features\n\n* **On-Ramps:** Allows users to buy crypto with fiat currencies within apps or websites using local payment methods [\\[3\\]](#cite-id-CWzPzn1GoG).\n* **Off-Ramps:** Enables users to sell crypto for fiat currency, increasing revenue and reducing customer attrition [\\[4\\]](#cite-id-t3G5pKalJ0).\n* **Swaps:** Facilitates cross-chain crypto swaps with low fees [\\[5\\]](#cite-id-691QUCTNiW).\n* **Checkout:** Allows users to purchase NFTs with debit or credit cards on over 40 blockchains [\\[6\\]](#cite-id-Lx0c4YR9Xo).\n\n## Products\n\nMoonPay offers a range of products designed to facilitate [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) and [Web3](https://iq.wiki/wiki/web3) transactions [\\[2\\]](#cite-id-NJcjV9DTQJ). These include:\n\n* **On-Ramps:** Enables users to buy crypto with fiat currency [\\[2\\]](#cite-id-NJcjV9DTQJ).\n* **Off-Ramps:** Enables users to sell crypto for fiat currency [\\[2\\]](#cite-id-NJcjV9DTQJ).\n* **Swaps:** Enables users to swap one crypto for another [\\[2\\]](#cite-id-NJcjV9DTQJ).\n* **Checkout:** Enables users to buy NFTs with fiat (credit/debit card) [\\[2\\]](#cite-id-NJcjV9DTQJ).\n* **Minting:** Enables users to create their NFT collections [\\[2\\]](#cite-id-NJcjV9DTQJ).\n\n### MoonPay Launches TRON Wallet\n\nIn July 2025, MoonPay launched a TRON wallet, giving users an effective way to buy, sell, send, and store digital assets on the TRON network, like TRX and [USDT](https://iq.wiki/wiki/tether), without ever leaving MoonPay. [\\[16\\]](#cite-id-lw0ENg5zJQ)​\n\nThe addition of a TRON-supported wallet directly in the mobile app addresses a growing demand for low-cost, high-speed blockchain transactions while making it simple to interact with the TRON network in one place. This builds on MoonPay’s mission to offer a secure, multichain experience that keeps users in control of their crypto without switching between platforms. [\\[16\\]](#cite-id-lw0ENg5zJQ)​\n\n## Partnerships\n\nMoonPay has established partnerships with various companies and platforms in the [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) and [Web3](https://iq.wiki/wiki/web3) space [\\[2\\]](#cite-id-NJcjV9DTQJ). These partners include:\n\n* [Metamask](https://iq.wiki/wiki/metamask)\n* [Trust Wallet](https://iq.wiki/wiki/trust-wallet) [\\[2\\]](#cite-id-NJcjV9DTQJ)\n* Ledger [\\[2\\]](#cite-id-NJcjV9DTQJ)\n* [Phantom](https://iq.wiki/wiki/phantom-wallet) [\\[2\\]](#cite-id-NJcjV9DTQJ)\n* Bitcoin.com [\\[2\\]](#cite-id-NJcjV9DTQJ)\n* [OpenSea](https://iq.wiki/wiki/opensea) [\\[2\\]](#cite-id-NJcjV9DTQJ)\n* Mastercard [\\[8\\]](#cite-id-QAeYKkcVAh)\n* Universal Theme Parks [\\[2\\]](#cite-id-NJcjV9DTQJ)\n\n## Acquisition of DFlow (2026)\n\nOn May 6, 2026, MoonPay announced the acquisition of [Solana](https://iq.wiki/wiki/solana)-based trading infrastructure platform [DFlow](https://iq.wiki/wiki/dflow) in an all-stock deal reportedly valued at approximately $100 million. The acquisition was aimed at expanding MoonPay’s presence in on-chain trading infrastructure and [decentralized finance](https://iq.wiki/wiki/defi) (DeFi). [\\[17\\]](#cite-id-BY0zrminXB62ZrGj) \n\n​[DFlow](https://iq.wiki/wiki/dflow) is a Solana-native execution and routing platform used by applications including [Coinbase](https://iq.wiki/wiki/coinbase), [Phantom](https://iq.wiki/wiki/phantom-wallet), [Solflare](https://iq.wiki/wiki/solflare), and Kamino. Since April 2025, the platform reportedly processed more than 12 billion in Q1 2026 alone. \n\nMoonPay stated that integrating DFlow would strengthen its trading infrastructure capabilities, particularly around high-volume execution, liquidity routing, and agent-driven financial applications.\n\n> “DFlow has become one of the most important pieces of trading infrastructure on Solana in just a year. By bringing their execution layer into MoonPay, we’re adding the speed, reliability, and scale needed to support everything from high-volume trading to the next generation of agent-driven financial applications.” — Ivan Soto-Wright, Founder and CEO of MoonPay.  [\\[17\\]](#cite-id-BY0zrminXB62ZrGj) \n\nThe acquisition formed part of MoonPay’s broader expansion strategy beyond fiat on-ramps and payments into infrastructure, trading, custody, and institutional services. [Soto-Wright](https://iq.wiki/wiki/ivan-soto-wright) also stated that MoonPay was being built around “four pillars: fund, tokenize, trade, and spend,” with DFlow representing the company’s move deeper into trading infrastructure. [\\[17\\]](#cite-id-BY0zrminXB62ZrGj) \n\n## MoonPay Acquires  Dawn Labs\n\nIn May 2026, MoonPay announced its acquisition of Dawn Labs and launched Dawn CLI, an AI-native trading tool designed to convert natural language prompts into executable trading workflows for financial markets. The acquisition expands MoonPay’s push into AI-driven financial infrastructure, extending its product offerings beyond crypto payments and agent wallets into automated trading systems. [\\[18\\]](#cite-id-DhEj4jggpuRpDzV9) \n\nAs part of the acquisition, Dawn Labs founder Neeraj Prasad and the company’s team joined MoonPay Labs, with Prasad taking on the role of Chief Engineer. \n\nDawn CLI was developed to streamline the trading process by handling research, code generation, simulation, and execution through natural language inputs, reducing fragmentation between strategy development and deployment. \n\nMoonPay stated that the tool is initially focused on prediction markets, a rapidly growing segment where traders frequently rely on automated systems, social signals, and cross-platform positioning. The platform uses a non-custodial architecture, allowing users to review generated strategy code and configure controls such as trading limits and position sizing before execution. \n\nThe acquisition aligns with MoonPay’s broader strategy around AI-native financial infrastructure. Prior initiatives included the launch of the Open Wallet Standard and MoonAgents Card, both aimed at supporting autonomous AI agents and machine-driven financial activity across blockchain networks. [\\[18\\]](#cite-id-DhEj4jggpuRpDzV9) \n\n​\n\n​","summary":"MoonPay is a financial technology company that provides cryptocurrency payment solutions, facilitating the buying and selling of cryptocurrencies and NFTs throu...","images":[{"id":"QmRPEgA9z29kJTEUuUpsKqToZUYA391c8eqxhvWEP8QfVj","type":"image/jpeg, 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