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Trezor Hardware Wallet Allows Direct Crypto Purchases With MoonPay

Hardware wallet company Trezor is moving to allow direct crypto purchases with a new partnership with crypto fintech startup MoonPay.

Trezor, a hardware wallet provider based in the Czech Republic, has partnered with MoonPay to allow its customers to purchase cryptocurrency directly in their hardware wallet, according to an announcement on Wednesday.

Backed by major industry investors, including Tiger Global and Coatue, MoonPay is a crypto payment service that allows users to buy and sell cryptocurrencies and non-fungible tokens (NFTs) with how to use debit cards, credit cards, and other payment methods. In April 2022, the company raised $87 million from investors like Justin Bieber and Snoop Dogg to focus on NFTs and Web3.

The partnership with MoonPay builds on Trezor’s previous partnership with Invity, a cryptocurrency exchange comparison tool built directly into the wallet.

Like Trezor, Invity is a startup run by its parent company, SatoshiLabs. The platform connects customers with trusted partner exchanges to offer direct-to-custodial transactions with various payment methods. Combined, the three platforms offer to buy, sell, and exchange features directly in the Trezor wallet.

The new integration allows customers to buy and sell multiple cryptocurrencies through a decentralized crypto wallet, helping users better protect their funds. At the time of writing, Trezor supports over 1,000 cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Tether (USDT), BNB, Cardano (ADA), and others.

The latest news is another major milestone for crypto purchases on Trezor, as the hardware wallet previously supported crypto purchases on the Trezor Suite native app via the In-App Commerce feature. The option has been available through the cryptocurrency exchange comparison tool created by Invity since at least the end of 2020.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.