MoonPay, a leading company in cryptocurrency payments, has introduced a new service called “MoonPay Deposits” to simplify wallet-to-wallet crypto transfers. This service automates the exchange, bridging, and cross-chain routing between different blockchains and tokens, sparing users from complex procedures. MoonPay Deposits enables users to utilize assets from any token or blockchain in their existing crypto wallets directly as funds, without worrying about selecting the appropriate asset or network, as the system automatically manages the necessary conversions.
This new feature is now available with Telegram’s autonomous TON wallet, part of Telegram’s dual wallet setup. Over 100 million Telegram users can easily transfer their cryptocurrencies within this platform. MoonPay CEO Ivan Soto-Wright stated that users no longer need to purchase new assets or undergo complicated steps; they can seamlessly transfer funds using their existing cryptocurrencies. Previously, holding assets on the TON blockchain was required to deposit funds into the TON wallet. Now, users can send Bitcoin and other crypto assets from external networks, which MoonPay automatically converts into the required tokens, making entry and exit from the TON ecosystem smoother and more user-friendly.
Additionally, Intercontinental Exchange (ICE), owner of the New York Stock Exchange, is in talks to invest in MoonPay, potentially increasing the company’s valuation. MoonPay has strengthened its legal standing by obtaining a Limited Purpose Trust Charter from the New York Department of Financial Services and appointing Caroline Pham, acting Chair of the CFTC, as Chief Legal and Administrative Officer. These measures aim to solidify MoonPay’s position as a key global player in cryptocurrency payments while making crypto processing easier and more secure for users.
Source: bitcoinmagazine
