MoonPay, a leader in the cryptocurrency payment sector, has unveiled the addition of Interac e-Transfer® as a new payment method tailored for its Canadian customers. This move is set to simplify the process of purchasing digital assets for users in Canada, who can now utilize a widely trusted payment network to facilitate transactions.
With the introduction of Interac e-Transfer, Canadians can fund their transactions in Canadian dollars directly from their bank accounts, ensuring a fast, secure, and user-friendly checkout experience. Ivan Soto-Wright, CEO of MoonPay, emphasized Canada’s rapid growth in the crypto market and highlighted Interac® as the premier payment option in the country. “By adding Interac e-Transfer, we’re making it simple for Canadians to access the crypto economy in just a few clicks,” he stated.
The Interac system is widely recognized across Canada, with millions relying on it for daily online transactions. MoonPay’s integration of Interac e-Transfer® through Paramount Commerce promises to deliver a streamlined purchasing experience. Customers can choose their participating bank, completing transactions directly through their bank’s app or online platform, eliminating the need for manual entry.
Some of the key advantages for Canadian users include:
- Fast Transactions: Real-time payment capabilities with Interac e-Transfer® for Business.
- Trust and Security: Backed by well-established Canadian banks and credit unions on the trusted Interac payment rail.
- Seamless Experience: Ability to pay directly in Canadian dollars (CAD) from bank accounts.
Starting immediately, eligible Canadian clients can utilize Interac e-Transfer as a payment option on the MoonPay platform.
MoonPay has been pivotal in easing access to cryptocurrency trading, utilizing everyday payment methods such as credit cards, Apple Pay, PayPal, and Venmo. The company aims to empower both newcomers to digital finance and businesses exploring its applications by providing a secure and straightforward pathway into the blockchain-based economic landscape.
With an impressive customer base of 30 million and serving nearly 500 companies within the decentralized economy, MoonPay is playing a crucial role in driving mainstream acceptance of cryptocurrencies. The company is fully licensed in the U.S. and adheres to regulations in the UK, EU, Canada, and Australia, also boasting certifications for enterprise-grade security.
Additionally, Paramount Commerce, the payment partner behind this integration, has established itself as a top player in simplifying payment solutions in Canada, processing over $100 billion in transaction volume. With two decades of experience, Paramount Commerce aims to create optimal experiences for both merchants and consumers.
The launch of Interac e-Transfer® by MoonPay is a significant step towards further enhancing the accessibility and practicality of cryptocurrency transactions in Canada.
