Today, MoonPay announced an exclusive partnership with Mesh to simplify the process of depositing and transferring crypto from exchanges.
MoonPay is currently the only on-ramp provider offering this innovative solution to its partners and this collaboration will enable users across the industry to purchase crypto using existing fiat and crypto from centralized exchanges like Coinbase.
This partnership also facilitates easier entry points into crypto for users and expands access to liquidity. MoonPay already offers a wide array of payment options ranging from debit/credit cards, bank transfers, PayPal, Apple Pay, Google Pay and specialized local payment methods. With this exclusive arrangement with Mesh, MoonPay adds another payment option for its users by offering digital asset deposits from over 300 leading platforms.
Mesh’s powerful API infrastructure and MoonPay’s seamless fiat-to-crypto on-ramp services complement each other, providing a complete solution for partners with buy, sell, swap, deposit, and transfer services. Mesh’s exchange connections include major platforms like Coinbase, Kraken, and Binance. MoonPay will offer Mesh as an option for end users to securely authenticate and connect to their CEX of choice through an embedded experience.
“Fiat-to-crypto transactions help new users access and participate in the crypto ecosystem, which fuels the growth of the crypto economy and unlocks new use cases, financial products, and business models,” said MoonPay co-founder and CEO, Ivan Soto-Wright. “Our collaboration with Mesh will further improve the user experience, offering users new ways to purchase crypto and accelerating the path towards mainstream crypto adoption.
“Our goal is to help onboard the next billion users into crypto. To reach this goal, we must make the user experience as easy and seamless as possible,” said Bam Azizi, Co-Founder and CEO of Mesh. “We are thrilled to be partnering with MoonPay and enhance upon the innovative user experience it has created, further increasing users’ access to liquidity and making it even easier for new users to participate in crypto.”
This partnership solidifies MoonPay’s position in being the go-to platform that bridges the fiat and crypto divide comprehensively.
Mesh has raised over $40M in funding and is backed by notable investors including Money Forward, Galaxy, Samsung Next, PayPal Ventures, MoonPay Ventures and more. In an industry first, PayPal Ventures’ investment was made almost entirely in their native PYUSD stablecoin and transferred the funds on-chain using Mesh’s APIs.