MoonPay is making big moves to stand out further in the enterprise market by acquiring Iron, a startup that specializes in stablecoin infrastructure.
This acquisition is MoonPays second major purchase in two months and significantly boosts their capacity to provide businesses with fast payments at low cost and borderless stablecoin transactions
By using Iron’s API-driven technology, Moonpay plans to offer enterprises a smoother and efficient way to accept stablecoin payments.
A Braintree Moment for MoonPay
Ivan Soto Wright, co-founder and CEO of MoonPay, sees this as a significant moment for the company. In an interview, He compared this acquisition to PayPal’s purchase of Braintree that dealt with processing credit card payments for major companies such as Meta.
“This is our Braintree moment,” Soto-Wright explained, emphasizing how iron’s technology puts MoonPay in high use to be the definitive infrastructure provider for tablecoin solutions for the enterprise market.
With Iron’s stablecoin infrastructure, MoonPay can offer businesses quick and low cost borderless payments that are safe and secure.
The Growing Importance of Stablecoins
Stablecoin, a digital currency pegged to real-world assets, has grown increasingly relevant in global payment. In 2024, most of the $24 trillion transferred through stablecoin involved digital coins moving effortlessly across different chains.
Soto Wright thinks that stable coins are really crucial to future payment systems especially in the U.S, where real time payments are still quite slow to roll out.
“We think wallets can help skip that technology jump, and stablecoins are going to be a very important part of that,” he said.
This acquisition seals up MoonPays strategy to lead the world of payment using stablecoins and giving businesses easier and more effective ways to use digital currency power.
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