MoonPay and Blocto partner for an industry-first crypto wallet with Flow

By Joy Dumasia

MoonPay, the global payments solution for cryptocurrency, has announced its partnership with crypto wallet provider Blocto to enable an industry-first wallet with a fiat on-ramp into the Flow ecosystem. This new partnership offers easy access to the NFT marketplace for online role-playing game Chainmonsters, including the recent exclusive NFTs in its successful Genesis Drop on September 14.

MoonPay’s unique fiat on-and-off-ramp capabilities democratize blockchain access by enabling users to participate directly through traditional fiat payment methods. Through integration with MoonPay, users can use the fiat on-ramp to buy FUSD, Flow’s native token. This collaboration will ensure all gamers access Chainmonsters and can enter the marketplace using the Blocto wallet.

Blocto’s integration with MoonPay means it will be the first crypto wallet in the Flow ecosystem to have a full on-ramp capability. Users will use debit cards or Apple Pay methods to convert their US dollars into FUSD when making purchases.

MoonPay’s fiat on-ramp supported Chainmonsters’s Genesis Drop on September 14, which saw all bundles sold out within 90 minutes. This included exclusive bundles that contained Chainmonsters’ unlocked first Beta Season Pass, with 25 Beta-Season-1 exclusive NFTs and highly exclusive collectables like the Amber Chainmon that only exist 1,000 times and will never be obtainable again.

Ivan Soto-Wright, Co-Founder and CEO of MoonPay, said: “Our mission at MoonPay has always been to make fiat-to-crypto transactions as simple as possible. The blockchain industry continues to take massive leaps into the mainstream. As blockchain-based games such as Chainmonsters become increasingly popular, we’re excited to be partnering with Blocto to offer a new and easy experience for fuelling blockchain games.”

IBS Intelligence reported that MoonPay, which provides payments infrastructure for buying and selling cryptocurrency, has selected financial technology leader FIS for merchant acquiring services in more than 160 countries and 80 digital currencies supported by the rapidly growing company.