Crypto payments platform MoonPay has announced that it now supports Revolut Pay, a payment method from the major neobank Revolut.
Per the press release shared with Cryptonews, MoonPay now supports 1-click cryptocurrency purchases using Revolut Pay in the UK and EEA.
The team says that this move enables “a frictionless way” to move money from the neobank straight into crypto.
Additionally, it simplifies the buying process and transactions for users who have a Revolut account. It eliminates the challenges commonly associated with debit and credit card transactions, they claim.
Moreover, the announcement presented several benefits that this integration has produced. First is the instant purchase of crypto, directly via Revolut Pay, without additional steps or switching accounts.
Users also gain additional crypto options for trading. This is based on the range that MoonPay supports.
Moreover, the integration comes with “smart checkout features.” These allow repeat purchases, says the announcement.
Finally, users need to complete KYC on MoonPay once to access more than 500 partner apps and wallets, the team claims. These partners include Zengo, Solflare, Uniswap, OpenSea, Bybit, Sweat Wallet, and more.
According to Moonpay CEO and co-founder Ivan Soto-Wright, “Integrating Revolut Pay into MoonPay means millions of Revolut users can now buy crypto with the payment method they already trust and use every day.”
Expanding Partnerships
MoonPay’s integration with Revolut Pay simultaneously enables the payment option for all 500 partners, the announcement says. Moreover, MoonPay increases the “total addressable market” for its partners with each additional integration.
“By reducing payment-related drop-offs” and enabling a smooth checkout experience, Revolut Pay “enables users to complete frequent transactions more easily, fostering long-term customer loyalty,” it says.
Furthermore, the team claims that Revolut Pay comes with additional built-in security measures. Once a user chooses Revolut Pay at checkout, they will authorise the purchase in-app with a passcode or biometric ID.
“No other details are needed, but Revolut Pay’s advanced fraud monitoring may have you confirm the transaction,” the announcement adds.
Meanwhile, MoonPay says it has nearly 30 million customers. It is fully licensed in the US, and it’s regulated in the UK, EU, Canada, and Australia.
In January this year, it acquired blockchain payment processor and Solana-based platform Helio for $175 million. The crypto checkout app has served over 6,000 merchants and millions of users, processing more than $1.5 billion in transactions over three years.
In March, MoonPay secured a Money Transmitter License (MTL) from the Wisconsin Department of Financial Institutions, USA, allowing it to expand its operations in the state.
But prior to that, in December 2024, it received approval under the European Union’s Markets in Crypto-Assets (MiCA) regulation.
The post MoonPay Adds Support for Revolut Pay appeared first on Cryptonews.
