MoonPay, the global enabler of crypto payments, has announced an expansion of its partnership with Zengo Wallet, the self-custodial crypto wallet. The collab now aims to enhance wallet usability, expands payments access and enables product development across Zengo’s ecosystem. As part of the latest partnership, MoonPay is now the payment provider powering Zengo’s Buy and Sell Crypto features.
Users can fund their wallets with “familiar” payment methods including cards, bank transfers, Apple Pay, Google Pay, PayPal and Venmo. Zengo Pro subscribers also “gain additional benefits such as discounted fees, enhanced tools and deeper insights.”
MoonPay Ventures , MoonPay’s investing arm focused on accelerating Web3 adoption, has also made “a strategic investment in Zengo to support the wallet’s global growth and upcoming product launches.”
Zengo is now reportedly known for its MPC-based “keyless recovery, strong security model, seamless Web3 connectivity and broad asset support.”
MoonPay simplifies access to buy, sell and trade crypto using everyday payment methods like cards, Apple Pay, PayPal and Venmo, “while also providing simple tools to send, receive and manage stablecoins.{
Whether you are a relative newcomer to digital money or a company exploring ways to use it, MoonPay says that it provides the infrastructure to “onboard users into the blockchain-based financial ecosystem safely and seamlessly.”
With a significant number of reported customers and currently powering the infrastructure for around 500 companies “across the decentralized economy, MoonPay is a key driver behind mainstream crypto adoption.”
It is said to be a licensed in the U.S. and regulated in the UK, EU, Canada and Australia—and has been “certified for its enterprise-grade security.”
Zengo Wallet is the self-custodial crypto wallet, reportedly used by over 2 million individuals and businesses in “180+ countries.”
Zengo Pro includes features such as Bitcoin Vaults, “an inheritance-style feature, and discounted fees on purchase.
Zengo Business reportedly offers “institutional-grade security and team wallets for SMBs and enterprises.”
Enabled by MPC cryptography, Zengo has “no seed phrase vulnerability and is backed by Insight Partners, Tether, and other investors.”