MoonPay Acquires Stablecoin Infrastructure Firm Iron
TL;DR
MoonPay has acquired Iron, a stablecoin infrastructure startup, expanding its presence in the enterprise market and its ability to provide transactions.
The goal is to offer cryptocurrency payment solutions for businesses, positioning itself as a competitor to giants like Stripe.
This acquisition allows the company to facilitate the transition to using stablecoins, promoting more efficient and accessible payments for businesses.
MoonPay continues its expansion into the enterprise market through the acquisition of Iron, an API-based stablecoin infrastructure startup.
MoonPay aims to position itself as the undisputed leader in the crypto payment sector, offering more efficient and accessible solutions for businesses. With this acquisition, it will expand its ability to facilitate fast, low-cost transactions through stablecoins, a crucial tool for businesses seeking to operate more smoothly and without borders.
The acquisition of Iron is not only an expansion of its technological infrastructure but also another tool to compete with companies like Stripe. MoonPay promotes and facilitates the adoption of cryptocurrencies for everyday use. At the same time, it focuses on transforming traditional payment systems, enabling businesses to accept payments in stablecoins, which will be crucial for revolutionizing digital transactions on a global scale.
MoonPay Sees the Future of Business Payments with Stablecoins
Through this acquisition, MoonPay will be able to offer its clients solutions specifically designed to facilitate the transition to using stablecoins, improving payment efficiency and significantly reducing operational costs. Stablecoins, pegged to fiat currencies, are progressively becoming a more accessible alternative to traditional cryptocurrencies, making it easier to promote their adoption among businesses seeking greater stability and predictability in their transactions.
According to several analysts, stablecoin payments could become an essential component of the global financial system in the coming years. The acquisition has also been made possible due to the company’s consolidation, which has experienced strong growth, increasing its net revenue by 112% in 2024.
MoonPay is not only responding to the current market needs but also preparing for future challenges, becoming a key player in the integration of cryptocurrencies within the traditional financial system
Filed under: News - @ March 13, 2025 3:28 pm