Trezor, a firm that makes hardware wallets, has formed new cooperation with the crypto finance startup MoonPay, and they are working toward making it possible to purchase cryptocurrency directly.
MoonPay and the Czech Republic-based company Trezor, which makes hardware wallets, have collaborated so that Trezor’s clients may purchase cryptocurrencies in their wallets and do so directly via MoonPay.
On Wednesday, it was announced that this will occur.
What Is MoonPay?
MoonPay is a payment service that is offered for cryptocurrencies and is supported by significant investors such as Tiger Global and Coatue.
Users are able to make purchases of cryptocurrencies and nonfungible tokens (NFTs) using a variety of payment methods, including debit cards, credit cards, and other options.
The corporation received 87 million dollars from investors like Justin Bieber and Snoop Dogg in April of 2022 so that it could concentrate on NFTs and Web3.
Invity – the Third Partner in this Cooperation
Trezor’s prior collaboration with Invity, a comparison tool for cryptocurrency exchanges that is integrated directly into the wallet, serves as a foundation for the new relationship with MoonPay.
Invity is a brand new firm that, similar to Trezor, is managed by SatoshiLabs, which is the parent company.
The website establishes connections between its users and reputable partner exchanges in order to provide direct-to-custody transactions using a variety of payment methods.
What Does It Mean for Trezor?
All three sites, when combined, provide you the ability to purchase, sell, and trade directly from your Trezor wallet.
A non-custodial cryptocurrency wallet now makes it possible for customers to purchase and sell a diverse selection of cryptocurrencies.
Users will find it much less of a hassle to keep their money secure as a result of this.
As of the time this article was written, Trezor enables users to buy and sell over a thousand different cryptocurrencies, some of which are Bitcoin (BTC), Ether (ETH), Tether (USDT), BNB, and Cardano (ADA).
The latest events represent a significant new step forward for using Trezor.
Earlier versions of the Trezor Suite software for the hardware wallet had a function named “Trade” that enabled users to purchase various cryptocurrencies.
Trezor said in one of its blog entries that the option has been accessible via Invity’s cryptocurrency exchange comparison tool since at least the latter half of 2020.
