30 million users across 180 countries now have greater flexibility to purchase cryptocurrencies after Moonpay expanded its payment network to include Discover Network, joining Visa and Mastercard as the primary U.S. card options supported.
Bridging Payment Gaps in Crypto On-Ramps
Moonpay’s acceptance of Discover Network cards enables holders to buy and sell crypto through over 500 enterprise partners, ranging from wallets to exchanges and apps. This expansion complements Moonpay’s existing payment methods that already cover Apple Pay, Google Pay, Paypal, Venmo, bank transfers, and regional payment rails. By adding Discover, Moonpay targets the reduction of friction at checkout that often leads to lost conversions.
Strategic Perspectives from Industry Leaders
According to Richard Harrison, Moonpay’s Vice President of Banking and Payments Partnerships, adding more payment methods removes barriers for users entering the crypto market. He highlights the company’s pioneering moves to support Paypal and Venmo as part of the same strategy. Meanwhile, Claudia Schaefer from Discover Network emphasizes the shared goal of providing consumers with flexible, secure payment experiences that meet their preferences.
Moonpay’s Position in the Crypto Ecosystem
Since its 2019 founding, Moonpay has grown to serve 30 million customers worldwide and supports a broad range of crypto and fintech businesses through a single integration. With licenses including the New York Bitlicense and MiCA authorization in the EU, Moonpay ensures regulatory compliance while powering critical crypto infrastructure such as on-ramps, off-ramps, and stablecoin payments. This partnership strengthens Moonpay’s competitiveness as some rivals already support multiple U.S. card networks.
This content is for informational purposes only and should not be considered financial advice.
