Worldpay from FIS reduces barriers to entry into the crypto market with MoonPay partnership
- Worldpay is working with crypto firm MoonPay to enable easier buying and selling of cryptocurrencies.
- MoonPay will leverage Worldpay’s technology to allow users to purchase cryptocurrencies and NFTs with credit and debit cards.
Worldpay from FIS, which provides payment processing solutions to banks, businesses and merchants, is reducing the barriers to entry into the crypto market. The company is providing merchant acquiring services to crypto payments firm MoonPay, which will enable it to offer card-to-crypto functionality for merchants in over 160 countries and support 80 digital currencies.
MoonPay will use Worldpay’s platform to process credit and debit card purchases of cryptocurrencies like Bitcoin and Ether, as well as NFTs. This could help facilitate the global expansion of the crypto industry by simplifying the process of buying and selling cryptocurrencies and NFTs, particularly for those who are still unsure about taking the first leap into the crypto world.
FIS processes over $2 trillion in transactions annually across over 100 countries. The firm has announced a number of crypto-focused initiatives in the last few weeks, the most recent one being a collaboration with crypto exchange Okcoin to provide merchant acquiring and foreign exchange services.
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