MoonPay has recently announced a strategic partnership with Moonshot, a rapidly growing mobile app known for its on-chain trading capabilities on the Solana blockchain. The collaboration introduces MoonPay Deposits to the Moonshot platform, a feature aimed at simplifying the process for users to fund their accounts by enabling deposits from various wallets across multiple supported blockchain networks.
With its intuitive interface, Moonshot has rapidly gained popularity, attracting millions of users eager to discover, buy, and sell digital assets directly from their mobile devices. The inclusion of MoonPay Deposits significantly enhances the user experience by removing complexities associated with cross-chain transactions, allowing users to easily fund their accounts without the usual hassle.
This new feature operates seamlessly; users only need to select the asset they wish to transfer from an external wallet. MoonPay’s robust infrastructure then takes over, managing any necessary swapping, bridging, or routing of the assets. This innovative process diminishes the likelihood of transaction failures or lost funds, issues that often arise when users attempt to navigate different networks and asset types independently.
Ivan Soto-Wright, co-founder and CEO of MoonPay, emphasized the company’s commitment to simplifying value transfers in the crypto ecosystem. He noted that Moonshot has successfully created one of the most accessible trading experiences in the industry, and the partnership adds an important layer of flexibility for its users.
The integration of MoonPay Deposits supports a broad array of popular blockchains including Arbitrum, Base, Bitcoin, BSC, Ethereum, Hyperliquid, Plasma, Polygon, and Solana. This extensive support provides Moonshot users with greater choice and flexibility for funding their trading activities.
The MoonPay Deposits feature is entirely built and operated on MoonPay’s infrastructure, ensuring a seamless end-to-end experience from deposit detection to asset delivery, integrated directly into partner environments. However, it is important to note that all communications regarding MoonPay Deposits are not intended for users located in New York, the UK, or the European Economic Area (EEA).
MoonPay, established in 2019, has emerged as a lead player in financial technology, facilitating value transfer across fiat and digital assets. Serving over 30 million customers worldwide and more than 500 enterprise clients in the crypto and fintech sectors, MoonPay has built a comprehensive ecosystem supporting on- and off-ramps, trading, crypto payments, and stablecoin infrastructure.
Meanwhile, Moonshot continues to stand out in the mobile app landscape for digital assets, boasting features like a self-custodial wallet and support for common payment methods such as Apple Pay. This focus on user-friendly design has made it one of the most popular platforms for on-chain trading in the market today.
