Moonpay further pushes in the enterprise with the purchase of Stablecoin iron

The Crypto Moonpay pay giant is expanding its push in the enterprise market with the purchase of Iron, a start of stablecoin infrastructure API first.

This marks the second significant purchase of Moonpay in two months, underlining its ambition to dominate the Stablecoin Rapid Payment Market.

“We think that everyone will have a digital currency portfolio, whether within a bank account or independently. And we build a backward compliance for the existing financial system,” co-founder of Moonpay and CEO Ivan Soto-Wright told the “squawk box” of CNBC in an exclusive interview.

Already, Moonpay makes it easier for people to participate in the new cryptocurrency economy by making it possible to make the board through most traditional payments, including debit cards, bank accounts, Paypal, Venmo, Apple Pay, and Google Pay

Now, with IRON, Moonpay can offer businesses the opportunity to accept stablecoin payments, unlocking immediate, low -cost and limitless transactions.

Soto-Wright compared the purchase with when Paypal Purchased Braintree, which deals with the processing of credit cards for companies like Meta and processed about $ 600 billion in the total volume of payment last year.

“This is our moment of braintree,” Soto-Wright said. “Iron technology positions the moon to become the final infrastructure provider for stablecoin enterprise solutions.”

Stablecoins are cryptocurrency -related cryptocurrency, and only in 2024, most of the $ 27 trillion transferred through stablecoins consisted of digital dollars moving smoothly through the blockchains.

Soto-Wright compared the potential impact of the agreement with the first transformation in telecommunications.

“It was really expensive to put a long-distance call, and then had Skype, then you had a zoom, you had all this technology based on the Internet to communicate-the same thing will take place for money, and it’s essentially blocchain,” he said.

This marks the second big purchase of Moonpay this year, following its $ 175 million purchase of Helio in January.

Businesses across the Landscape of Financial Services, from inheritance banks to startup payments, are adopting stablecoins or exploring their starting. Stablecoins make it easier and cheaper to switch between coins and move money digitally. Standard Chartered predicted in a recent report that Stablecoins can grow to become about 10% of foreign exchange transactions, from 1% today.

Moonpay’s purchase comes a month after the stripe closed its $ 1.1 billion agreement to buy a different payment infrastructure company called Bridge Network, the largest stripe and more broadly ecosystem.

Bridge makes it easier for businesses to accept stables without having to be taken directly on digital signs. Customers include Coinbase and Spacex.

Moonpay, which has more than 30 million accounts in 180 countries, was last rated to $ 3.4 billion when it raised the last round of funds in 2021. The company tells CNBC that it is the flow of positive and lucrative money and that net income increased by 112% in 2024 a year ago.

“We think it’s an internet-led payment method you will see all over the world,” Soto-Wright said. “” If you think of the United States, we’ve been a bit behind. Real -time payments have taken years to go out. We actually think that wallets can help go through that technology jump and stablecoins will be a very important part of this. “