MoonPay Unveils New Payment Solution to Bridge Fiat and DeFi

MoonPay has introduced MoonPay Balance, a new payment solution designed to enable users to store and spend fiat balances while also providing a seamless entry point into decentralized finance (DeFi).

Initially launched in the UK and 27 European countries (excluding Germany), the service integrates with popular non-custodial wallets such as MetaMask, Phantom, and Bitcoin.com. The solution supports payment methods like SEPA, Faster Payments, and Open Banking, and charges no fees for deposits, withdrawals, or transactions, though partners may impose their own charges.

This move highlights MoonPay’s focus on promoting self-custody, giving users full control over their crypto assets without relying on centralized entities. According to MoonPay’s co-founder and CEO, Ivan Soto-Wright, non-custodial wallets could soon serve as primary bank accounts for users.

By bridging the gap between traditional finance and decentralized systems, MoonPay aims to provide an experience that matches the standards of traditional fintech while enhancing user autonomy.

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In addition to this innovation, MoonPay continues to expand its integration with established financial firms, recently adding PayPal on-ramps for users in the EU and UK. This reinforces MoonPay’s strategy of connecting the traditional and crypto financial worlds, offering users an easy transition into the decentralized ecosystem.

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Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.