We’re thrilled to announce that joining the Elrond ecosystem will be easier than ever before, thanks to our integration with fiat-to-crypto services provider MoonPay. The fintech company offers direct access to $ERD with Apple Pay, Samsung Pay, Visa, Mastercard & other payment processors, as well as bank transfers.
MoonPay is a fintech startup that zaps newcomers straight into crypto, with only a few intuitive steps and familiar procedures for any e-commerce user. It is available for 162 countries, including the US & European Union, Japan, India & South Korea.
“Convenience is the key that will lead to unprecedented growth for the Elrond ecosystem. Direct access to 100+ fiat on ramps, DeFi and Staking products on the Elrond network will soon be possible for first-time users, from their phones. This changes everything.” said Beniamin Mincu, Elrond CEO.
MoonPay has an onboarding interface via its website, but its most appealing feature is the ease of integration with third-party websites and apps. Crypto wallets offer in-app crypto purchases and various merchants around the globe can now easily add cryptocurrencies to their product offering.
Over 100 startups that already integrate MoonPay services can now be connected to the Elrond ecosystem, significantly increasing the exposure of Elrond native assets to more customers, e-commerce integrations, and business processes.
The first integration for MoonPay will happen with the Elrond website and native wallet. Supporters from any of the 162 supported countries will get direct access to the $ERD token at competitive rates, and soon will be able to participate in the native Elrond Staking and DeFi tools from their phones, without losing time and fees with intermediary assets and platforms.
Elrond is a new blockchain architecture, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
MoonPay is a financial technology company that builds developer tools for fiat-to-crypto payments. Their mission is to make cryptocurrencies accessible to everyone. They offer an all-in-one solution that seamlessly connects payment card acquirers, banks, and cryptocurrency exchanges to streamline the purchase and sale of cryptocurrencies. Developers can host their embeddable MoonPay Widget within their application or completely customize the user journey using our MoonPay API.