In a significant advancement for cryptocurrency transactions, MoonPay has unveiled MoonTags, a revolutionary product aimed at streamlining peer-to-peer crypto transfers across various supported blockchains. This innovative solution is designed to simplify the process, making it as easy as sending a text message.
Each MoonTag acts like a unique social media handle, allowing users to send or receive cryptocurrency instantly without the cumbersome task of copying lengthy wallet addresses or selecting specific blockchains. “Transferring crypto shouldn’t feel like a technical process,” stated Ivan Soto-Wright, CEO and co-founder of MoonPay. “MoonTags take the guesswork out of sending and receiving funds, making crypto movement feel as natural and intuitive as any modern payments experience.”
With the introduction of this new feature, every MoonPay user is automatically assigned a default MoonTag that can be personalized according to their preferences. To facilitate transactions, users simply need to search for a MoonTag, enter the amount they wish to send or request, and include an optional message before executing the transaction—all without needing to navigate complex wallet addresses or blockchain selections.
The process is as follows:
1. Tap “Send” or “Request” to determine the nature of the transaction.
2. Search by the desired MoonTag (for example, @marco) to locate friends or contacts.
3. Initiate the transaction by selecting the cryptocurrency and optionally including a personalized message.
MoonTags effectively add a more human aspect to crypto transactions, designed with everyday users in mind and leveraging MoonPay’s robust global infrastructure. This feature is now available worldwide.
MoonPay has established itself as a leader in the crypto payment space, enabling users to buy, sell, and trade cryptocurrency through familiar payment methods such as credit cards, Apple Pay, PayPal, and Venmo. With nearly 30 million customers and partnerships with around 500 companies within the decentralized economy, MoonPay plays a vital role in driving mainstream adoption of cryptocurrencies.
The company is fully licensed in the United States and regulated in various regions, including the UK, EU, Canada, and Australia. MoonPay’s commitment to enterprise-grade security has further solidified its reputation as a trusted provider in the blockchain financial ecosystem.
While MoonTags simplify transactions, users are reminded that network fees will still apply, and additional fees may be incurred for cross-chain transactions or swapping tokens through MoonPay’s DeFi access.
