MoonPay and Flow join forces to unlock access to Flow ecosystem

By Pavithra R

MoonPay, the global payments solution for cryptocurrency, has announced partnering with Flow, the consumer and developer-friendly blockchain powering the next generation of games, apps, and digital assets.

Under the collaboration, the companies, for the first time will integrate a fiat-onramp for Flow’s stablecoin, FUSD, for US customers to access the rich experiences built on Flow, in addition to offering coverage to over 150 countries.

MoonPay’s unique fiat on-and-off-ramp infrastructure democratizes blockchain access by allowing users to participate directly via traditional fiat payment methods. Through this new alliance, customers can seamlessly interact with the Flow ecosystem, accessing a range of blockchain-powered games, entertainment, sports and news with the comfort of credit card onboarding.

Created by Dapper Labs, the team behind NBA Top Shot and CryptoKitties, Flow’s consumer-centric mission is to bring NFTs to the mainstream at scale in a sustainable way by empowering developers to build enhanced experiences. The partnership with MoonPay, which shares similar sustainable goals and developer empowerment vision, will allow any team building on Flow the ability to offer direct fiat on-ramp functionality to their audience globally from day one, including US consumers.

“NFTs are revolutionising how we interact with our favourite games, sports stars and with wider culture, so it’s vital that everyone can access them without any barriers. Flow has changed the game and we are looking forward to collaborating with the team to create a seamless NFT experience and bring it to the mainstream,” said Ivan Soto-Wright, co-founder and CEO of MoonPay.

The partnership will allow users to be able to purchase the first stablecoin on Flow issued by Prime Trust, FUSD, which launched in June. This is the first FUSD on-ramp in the US. Elsewhere, users, excluding those in the US and Canada, will be able to purchase FLOW, the native token of the Flow network.

“It was vital that we found a partner who could not only provide a solution but also shared our mission of providing a high quality user experience with minimal friction for both developers and consumers. With MoonPay’s impressive infrastructure, consumers can unlock the magic of NFTs across the whole ecosystem safely, and with the knowledge that they are simultaneously supporting more sustainable integration across the crypto economy,” said Peter Siemens, Developer Experience Lead, Flow.