MoonPay Deposits: Simplifying Cross-Chain Wallet Funding
MoonPay has launched a new product called MoonPay Deposits, designed to make wallet-to-wallet crypto transfers easier by automatically handling swaps, bridging, and cross-chain routing behind the scenes. The service allows users to fund applications with crypto from an existing wallet, regardless of which token or blockchain they hold. Instead of manually ensuring the correct asset and network are selected, users can send supported crypto and receive the final balance in their chosen asset. CEO and co-founder Ivan Soto-Wright stated, "Users shouldn't have to buy new assets or navigate complex steps just to fund an account."
Integration with TON Wallet Reaches Over 100 Million Users
MoonPay Deposits is now available in the self-custodial TON Wallet, part of Wallet in Telegram's dual-wallet setup, giving more than 100 million users a new way to move funds into the Telegram-based ecosystem. Previously, entering the TON ecosystem required holding assets on the TON blockchain before funding a TON Wallet account. With the new deposit flow, users can send Bitcoin and other assets from external networks, and MoonPay automatically converts them into TON or other supported tokens. Andrew Rogozov, founder and CEO of The Open Platform and Wallet in Telegram, said the goal is to make entering and exiting the TON ecosystem as seamless as using a custodial wallet while maintaining self-custody. The product operates entirely on MoonPay's infrastructure and integrates natively into partner environments, supporting deposits from detection through final asset delivery.
ICE in Talks to Invest in MoonPay at $5 Billion Valuation
Two months ago, Intercontinental Exchange (ICE), owner of the New York Stock Exchange, entered talks to invest in the crypto payments firm. The potential funding round was expected to value MoonPay at around $5 billion, up from its previous $3.4 billion valuation. MoonPay recently strengthened its regulatory standing by securing a Limited Purpose Trust Charter from the New York Department of Financial Services, alongside its existing BitLicense. The company also announced that CFTC Acting Chair Caroline Pham would join as chief legal and administrative officer.