In a significant move to enhance the user experience in cryptocurrency transactions, MoonPay has announced an expanded partnership with Zengo Wallet, a popular self-custodial cryptowallet. This collaboration aims to streamline wallet usability, broaden payment access, and catalyze product innovation within the Zengo ecosystem.
Under the new agreement, MoonPay will serve as the exclusive payment provider for Zengo’s Buy and Sell Crypto features. This partnership enables Zengo users to fund their wallets using a variety of familiar payment methods, including credit and debit cards, bank transfers, Apple Pay, Google Pay, PayPal, and Venmo. For Zengo Pro subscribers, the collaboration introduces several additional perks, such as reduced transaction fees, enhanced analytical tools, and valuable insights.
Ivan Soto Wright, co-founder and CEO of MoonPay, expressed enthusiasm about 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 addition to enhancing user payment options, MoonPay Ventures—the company’s investment division focused on fostering Web3 adoption—has made a strategic investment in Zengo. This financial boost is intended to support Zengo’s expansion and facilitate upcoming product launches.
“Our partnership with MoonPay, along with their strategic investment, highlights our mutual belief that self-custody must be both secure and effortless,” remarked Ouriel Ohayon, co-founder and CEO of Zengo. “With MoonPay’s top-tier payments infrastructure and Zengo’s leading self-custody wallet, we are working together to eliminate the major barriers that hinder safe crypto ownership.”
Zengo Wallet is recognized for its advanced security features, including MPC-based keyless recovery, and seamless integration with Web3 environments. With a user base exceeding 2 million globally, Zengo continues to differentiate itself by offering robust protection while ensuring a user-friendly experience.
MoonPay has already made significant strides in making crypto transactions more accessible, powering the infrastructure for nearly 500 companies and serving 30 million customers worldwide. The company emphasizes its commitment to regulatory compliance, being fully licensed in the U.S. and regulated in the UK, EU, Canada, and Australia, with a focus on enterprise-grade security.
For those interested in learning more about the partnership or the respective services offered by MoonPay and Zengo, additional information is available on their official websites. This collaboration marks a progressive step toward simplifying crypto transactions and enhancing user safety in the ever-evolving digital asset landscape.
