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Hardware wallet provider Trezor partners with MoonPay: Direct crypto purchases in wallet possible

 


Hardware wallet firm Trezor aims to enable direct crypto purchases as part of a new partnership with crypto fintech startup MoonPay.


Czech hardware wallet provider Trezor has partnered with MoonPay, allowing its customers to buy cryptocurrencies directly in their hardware wallets, it was announced on Wednesday.


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


The collaboration with MoonPay builds on Trezor's previous partnership with Invity. Invity is a crypto exchange comparison tool built right into the wallet.


Behind Invity is Trezor's parent company, namely SatoshiLabs. The platform connects customers with trustworthy partner exchanges and thus offers so-called direct-to-custody trades with various payment methods. This means that the assets are sent directly to the wallet. Together, the three platforms offer buying, selling and trading directly in the Trezor wallet.


With the new integration, customers can buy and sell many cryptocurrencies through a non-custodial crypto wallet. This allows users to better protect their money. At press time, Trezor supports over 1,000 cryptocurrencies including Bitcoin ( BTC ), Ether ( ETH ), Tether ( USDT ), BNB , Cardano ( ADA ) and others.


This news is another milestone for crypto purchases on Trezor. The hardware wallet has previously offered crypto purchases on its native app Trezor Suite via an in-app trade feature. The option has been available since at least late 2020 through the crypto exchange comparison tool created by Invity, as Trezor explained in one of its blog posts .


"By enabling Trezor owners to buy cryptocurrencies directly from their wallets, we are unlocking a dedicated group of cryptocurrency users who take security very seriously," said Antonio Talledo, MoonPay's Senior Business Development Manager. He added, "Through this partnership with MoonPay, we are taking a leadership role to bring safe, limitless and easy financial freedom to billions of people." 

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