What happened
MoonPay, a crypto payment infrastructure provider, now supports Discover Network cards for cryptocurrency purchases and sales in the United States. This integration allows Discover cardholders to buy and sell digital assets through MoonPay's platform.
Why it matters for the market
Discover Network becomes the third major card brand supported by MoonPay in the US, joining Visa and Mastercard. The company stated that the new support extends to over 500 enterprise partners, including wallets, exchanges, and applications.
In addition to card payments, MoonPay also supports Apple Pay, Google Pay, PayPal, Venmo, bank transfers, and regional payment channels. Founded in 2019, MoonPay serves over 30 million customers across 180 countries.
What traders should watch
The company holds a New York BitLicense, a New York limited purpose trust charter, money transmitter licenses in multiple US states, and authorization under the EU's MiCA framework.
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