Hardware wallet Trezor enables direct crypto purchases with MoonPay

Trezor, a hardware wallet company, is partnering with MoonPay to allow direct crypto purchases.

According to a Wednesday announcement, Trezor, a Czech Republic-based provider of hardware wallets, has partnered up with MoonPay to enable its customers to purchase crypto directly from their hardware wallet.

MoonPay, backed by Tiger Global and Coatue investors, is a crypto payment system that allows users to purchase and sell cryptocurrencies and other nonfungible tokens (NFTs), using debit cards, credit card and other payment methods. The firm raised $87 Million from investors such as Justin Bieber, Snoop Dogg and others to help it focus on NFTs.

MoonPay’s collaboration builds upon Trezor’s previous partnership With Invity, which is a tool that compares crypto exchanges and integrates directly into the wallet.

Invity, like Trezor is a startup that operates under SatoshiLabs. Invity connects clients to trusted partner exchanges that offer direct-to-custody trades and various payment methods. The three platforms offer buy, sell, and exchange functions directly within the Trezor wallet.

Customers can now buy and sell many cryptocurrencies using a noncustodial cryptocurrency wallet. This will help users better protect their funds. Trezor currently supports over 1,000 cryptocurrencies including Bitcoin (BTC), Ether(ETH), Tether [USDT], BNB, Cardano, ADA, and Tether (USDT).

Similar: MoonPay will make Web3 payments through Unstoppable Domains partnership

This is yet another milestone in crypto purchases on Trezor. The hardware wallet previously supported crypto buys via its native app Trezor Suite via an In-App Trade feature. Trezor stated in a blog post that the option was available via Invity’s crypto exchange comparison tool since late 2020.

Antonio Talledo, MoonPay’s senior business development manager, stated that Trezor owners can now buy cryptocurrency directly from their wallet. “This is a way to tap into a dedicated group of crypto users who take security very seriously.” “Through our partnership with MoonPay we are taking the lead in bringing financial freedom to billions of people, secure, borderless, and easy to access through this partnership

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Eileen Wilson

Eileen Wilson –Technology and Energy My Name is Eileen Wilson with more than 5 years of experience in the Stock market industry, I am energetic about Technology news, started my career as an author then, later climbing my way up towards success into senior positions. I can consider myself as the backbone behind the success and growth of topmagazinewire.com with a dream to expand the reach out of the industry on a global scale. I am also a contributor and an editor of the Technology and Energy category. I experienced a critical analysis of companies and extracted the most noteworthy information for our vibrant investor network.

Close Bitnami banner