MoonPay has unveiled a new service called MoonPay Deposits, designed to streamline the process of funding applications with cryptocurrency from existing wallets. This innovative solution allows users to deposit various digital assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), stablecoins, and more, enabling a more seamless experience for crypto transactions.
The platform supports deposits from any wallet and blockchain, eliminating the need for users to adhere to specific token or network limitations when initiating transfers. This flexibility is combined with a functionality that alleviates the manual verification often associated with moving cryptocurrencies between wallets. Typically, users must ensure they are selecting the correct asset and network to avoid errors, which can lead to failed transactions or misdirected funds.
The company’s CEO and co-founder, Ivan Soto-Wright, emphasized the importance of simplifying the cryptocurrency transfer process. He stated that users should not have to purchase new assets or navigate complex procedures merely to fund their accounts. By using MoonPay Deposits, individuals can utilize the crypto they already own, while the platform manages the technical hurdles in the background, enhancing the ease of transferring value across the ecosystem.
With the integration of MoonPay Deposits into the self-custodial TON Wallet, which operates within Telegram’s dual-wallet infrastructure, over 100 million users can now fund their Telegram wallets using cryptocurrency held on other blockchains. This development facilitates the deposit of various digital assets, with stablecoins being exchanged at a 1:1 rate and delivered as TON or another supported asset within the Telegram Wallet.
Founded in 2019, MoonPay is a financial technology company that focuses on payment solutions for both fiat and digital currencies. The platform has garnered over 30 million customers across 180 countries and provides services to more than 500 enterprise clients in the cryptocurrency and fintech sectors. The company’s commitment to enhancing the user experience is further evidenced by its recent foray into enterprise stablecoin solutions, launched in November 2025.
