MoonPay Adds Discover Network to U.S. Crypto Onramp Card Options
70 pts · High·The Fintech Times·2w ago · Aug 26, 18:00 UTC·1 min read
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MoonPay has expanded its U.S. crypto onramp offerings by adding support for Discover cardholders, enabling them to buy and sell cryptocurrency. Previously, MoonPay's onramp service was limited to transactions via Visa and Mastercard. This addition broadens the accessibility of crypto purchases for Discover users, aligning with growing demand for alternative payment methods in the crypto space.
Key takeaways
- ▸Discover cardholders can now use MoonPay's crypto onramp to engage in buying and selling cryptocurrency.
- ▸MoonPay's service previously supported only Visa and Mastercard, expanding its reach with this addition.
- ▸This move reflects the increasing demand for diverse payment options in the cryptocurrency market.
Why this matters
By integrating Discover, MoonPay enhances its competitive positioning in the crypto onramp market, catering to a broader customer base. This could lead to increased transaction volumes and encourage more traditional users to enter the crypto space, while also pressuring other onramp services to consider similar expansions to stay competitive.
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