MoonPay has unveiled its newest offering, the MoonAgents Card, a groundbreaking virtual Mastercard debit card that empowers users and AI agents to spend stablecoins directly from their on-chain balances. This innovative solution allows for seamless conversion from cryptocurrency to fiat currency at the point of sale, enabling use at any online merchant globally that accepts Mastercard.
The development of the MoonAgents Card leverages MoonPay’s advanced AI agent infrastructure, its extensive developer network, and Monavate’s regulated card issuing capabilities, all integrated within the robust Mastercard global payment framework. While stablecoin debit cards have been available in the market, the MoonAgents Card distinguishes itself by being specifically designed for AI agents, which are increasingly involved in digital commerce.
As AI agents begin to handle more transactions, the MoonAgents Card offers a programmatic approach for management and access, utilizing the MoonPay CLI and MoonPay Agents workflows. Unlike traditional agent card products that necessitate users to pre-load funds or transfer them off-chain, this new offering allows for direct spending from an on-chain wallet at the moment of transaction. This pioneering functionality is expected to streamline operations for AI agents that manage wallets, execute trades, and move value on-chain, thus closing a critical gap in their capabilities, as highlighted by MoonPay’s CEO, Ivan Soto-Wright.
JP Richardson, CEO and Co-founder of Exodus, emphasized the transformative nature of the MoonAgents Card, stating that it extends the self-custodial wallet infrastructure developed over the past decade to AI agents. He noted that the future of wallets and cards will be drastically different from what currently exists, and the MoonAgents Card is a step towards that future.
In terms of functionality, the MoonAgents Card links a self-custodial wallet to the Mastercard virtual payment system via Monavate’s infrastructure. Users authorize a smart contract to access their stablecoin balance during transactions, with the purchase processed through standard card payment flows. Monavate facilitates real-time funding and card authorization on-chain, ensuring that if a transaction is declined, the funds are immediately returned to the wallet. Importantly, wallet custody remains with the user, and approvals can be easily revoked.
The introduction of MoonAgents Card aligns with MoonPay’s broader vision of creating an AI-native financial ecosystem, having already rolled out various components of this stack over the past year. The MoonPay CLI, for instance, serves as a command-line interface for developers, while MoonPay Agents enable autonomous workflows secured by Ledger hardware signing. Additionally, the Open Wallet Standard, supported by multiple organizations including the Ethereum Foundation and PayPal, offers a universal framework for agents to manage value across blockchain platforms.
Currently, the MoonAgents Card is available through MoonPay CLI in the UK and LATAM regions, with plans to extend to the US and EU markets in the near future. Identity verification is a prerequisite for card issuance, ensuring secure and compliant usage of this innovative payment solution.
