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MoonPay Balance Enhances Self-Custody Options with Euro and Pound Support

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by Giorgi Kostiuk

a year ago

On November 13, MoonPay unveiled MoonPay Balance, a tool for storing and spending fiat currency balances connected to decentralized finance systems.

Introduction to MoonPay Balance

MoonPay Balance is a new payment tool allowing users to store and spend fiat balances on the MoonPay platform and interact with decentralized finance (DeFi).

Support and Features at Launch

At launch, MoonPay Balance will be available in the UK and most European countries except Germany, supporting countries such as the UK, Austria, Belgium, among others. The tool supports various payment methods, including SEPA and Faster Payments.

Impact on Self-Custody

MoonPay Balance significantly contributes to the growth of self-custody of cryptocurrencies. MoonPay co-founder and CEO Ivan Soto-Wright emphasized that in the future, non-custodial crypto wallets can become users' primary bank accounts.

MoonPay Balance opens new opportunities for users, combining the adherence to traditional standards with control over digital assets.

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