MoonPay has announced a major enhancement to its partnership with Zengo Wallet, a trusted self-custodial cryptowallet used by millions. This collaboration aims to improve wallet usability, broaden payment options, and accelerate product innovation within Zengo’s ecosystem.
With this expanded partnership, MoonPay is now the exclusive payment provider for Zengo’s Buy and Sell Crypto features. Users can now fund their wallets using a variety of familiar payment methods, including credit and debit cards, bank transfers, Apple Pay, Google Pay, PayPal, and Venmo. In addition, subscribers to Zengo Pro will benefit from features such as discounted fees, advanced tools, and deeper insights into their transactions.
Ivan Soto Wright, co-founder and CEO of MoonPay, emphasized the significance of the partnership, stating, “Zengo is raising the standard for what self-custody can and should look like. We are combining Zengo’s security-first approach with MoonPay’s global payments infrastructure to make digital asset ownership simpler, safer, and more accessible to users around the world.”
In a strategic move to bolster Zengo’s growth, MoonPay Ventures, the investment arm of MoonPay focused on accelerating Web3 adoption, has made a significant investment in Zengo. This investment is intended to support the wallet’s global expansion and upcoming product launches.
Ouriel Ohayon, co-founder and CEO of Zengo, highlighted the implications of this collaboration, stating, “This partnership, and MoonPay’s strategic investment in Zengo, underscores our shared belief that the future of self-custody must be both secure and effortless. MoonPay has built world-class payments infrastructure, and Zengo is the leading wallet for secure self-custody. Together, we’re removing the biggest barriers to safe crypto ownership.”
Zengo has garnered attention for its innovative features, including MPC-based keyless recovery, a robust security model, seamless Web3 connectivity, and extensive asset support. The wallet prides itself on providing advanced protection while maintaining an intuitive user experience, making it a standout choice for users across the globe.
MoonPay simplifies the process of buying, selling, and trading cryptocurrency by utilizing everyday payment methods. With a customer base of 30 million and partnerships with nearly 500 companies within the decentralized economy, MoonPay plays a critical role in promoting mainstream crypto adoption. It is fully licensed in the United States and regulated in multiple regions, including the UK, EU, Canada, and Australia, demonstrating its commitment to enterprise-grade security.
Zengo Wallet, recognized as the most secure self-custodial cryptowallet, has attracted over 2 million users across more than 180 countries. Boasting a perfect security record since its inception in 2018, Zengo also offers advanced features for its Pro clients, such as Bitcoin Vaults and heavily discounted fees. The platform is supported by notable investors, including Insight Partners and Tether, highlighting its credibility in the market.
For more details, both companies have provided accessible resources through their respective websites.
