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Trezor Collaborates with MoonPay to Enable Cryptocurrency-Based Transactions

By on September 1, 2022 0

Hardware wallet company Trezor will enable direct cryptocurrency purchases through a new collaboration with cryptocurrency financial technology (fintech) startup MoonPay, as reported by Cointelegraph.

According to Cointelegraph, Trezor, a Czech Republic-based hardware wallet provider, has entered into a partnership with MoonPay to allow customers to purchase cryptocurrency directly into their hardware wallets, according to a recent announcement. Backed by industry investors including Tiger Global and Coatue, MoonPay is a cryptocurrency payment service allowing customers to buy and sell cryptocurrencies and non-fungible tokens (NFTs) using debit cards , credit cards and other payment technologies. In April 2022, the company secured $87 million from investors like Justin Bieber and Snoop Dogg, to focus on NFTs and Web3.0.

Based on information from Cointelegraph, the collaboration with MoonPay builds on Trezor’s previous partnership with Guest, a cryptocurrency exchange comparison tool built directly into the wallet. Guest, which is a startup operating under parent company SatoshiLabs, connects customers with trusted partner exchanges to provide direct custody transactions through various payment methods. Combined, the three platforms offer buy, sell, and trade functionality directly within the Trezor wallet. This new development allows customers to buy and sell a range of cryptocurrencies through a non-custodial cryptocurrency wallet.

Additionally, Cointelegraph noted that the latest update is expected to be significant for cryptocurrency purchases on Trezor, as the hardware wallet previously supported cryptocurrency purchases on its native Trezor Suite app via an add-on feature. in-app exchange. The option has been present through the cryptocurrency exchange comparison tool created by Invity since at least late 2020, Trezor said in a blog post.

“By enabling Trezor owners to purchase crypto directly from their wallet, we are tapping into a cohort of cryptocurrency users who take security seriously. Through this partnership with MoonPay, we are taking the lead in ‘bringing billions of people safe, borderless and easy financial freedom,’ said Antonio Talledo, Senior Director of Business Development, MoonPay.

(With information from Cointelegraph)

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