With MoonPay, the hardware wallet Trezor allows direct cryptocurrency purchases

With MoonPay, the hardware wallet Trezor allows direct cryptocurrency purchases

The Invity platform, established by SatoshiLabs, and MoonPay have recently been integrated, offering buy, sell, and exchange features right inside the Trezor hardware wallet.

The hardware crypto wallet giant, Trezor wallets is making its effort to create easy and seamless way to support direct crypto purchases for their users with the partnership of crypto financing company MoonPay.

According to a statement released on Wednesday, hardware wallet manufacturer Trezor, based in the Czech Republic, has teamed up with MoonPay to enable its clients to purchase cryptocurrency directly from MoonPay.

MoonPay is a cryptocurrency payment service that enables users to buy and sell cryptos and non-fungible tokens (NFTs) via debit cards, credit cards, and other payment methods. MoonPay is supported by significant industry investors, including as Tiger Global and Coatue. In April 2022 the firm raised more than $87 million to work on the field of NFTs and Web3.0 from well-known sponsors like Snoop Dogg and Justin Bieber

The relationship with MoonPay expands on Trezor’s prior association with Invity, a wallet-integrated comparison tool for cryptocurrency exchanges.

Invity is a startup that works under SatoshiLabs, a parent company, like Trezor. The platform links users with dependable partner exchanges to offer direct-to-custody deals with a range of payment options. These three companies will work in hand to provide the facility of buy, sell and exchange of cryptocurrencies within the Trezor wallet.

With MoonPay, the hardware wallet Trezor allows direct cryptocurrency purchases
Cryptocurrencies

Customers can now purchase and sell a wide range of cryptocurrencies using a noncustodial cryptocurrency wallet, improving consumer security. As of now, more than a thousand cryptocurrencies are supported by Trezor. These cryptocurrencies include all the popular cryptos in the market like Ethereum, USDT, Bitcoin, Binance coin, ADA and so on.

The most recent information is another milestone for Trezor cryptocurrency purchases, since the hardware wallet has already supported cryptocurrency purchases through an in-app trade feature in its native software Trezor Suite. According to Trezor, the facility is active since late 2020 through the Invity-created cryptocurrency exchange comparison tool.

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Antonio Talledo, a senior business development manager, said that by enabling Trezor owners to purchase cryptocurrencies directly from the wallet, they are trying to tap into the group of committed crypto users who take security seriously. He further added that through the partnership with MoonPay they are paving the way to bring secured, boundless and easy financial freedom to as many people as they can.

Also read about: Tellor crypto (TRB) Tellor crypto is a decentralized blockchain based oracle network that creates a link between the smart contracts on Ethereum and external data.

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