MoonPay in-app with Ripple for seamless XRP purchases and storage
MoonPay recently announced a partnership with Ripple, allowing users to buy, manage and store XRP through the MoonPay app. This merger also marks the launch of RLUSD, Ripple's dollar-pegged stablecoin, which Ripple Labs created in collaboration with platforms such as Uphold, Bitstamp, Bitso, Independent Reserve, CoinMENA and Bullish.
MoonPay wrote on X, “In partnership with @Ripple, you can now buy, store and manage your $XRP in your MoonPay account. Whether you are a new recruit or a loyal soldier, welcome home.”
In an interview with Paul Barron's Network, MoonPay CEO Evan Soto-Wright emphasized MoonPay's commitment to reducing friction in onboarding new users. The main goal is to make crypto wallets as accessible and user-friendly as traditional bank accounts. MoonPay aims to provide users with a seamless experience, allowing them to move money to their wallets with minimal hassle.
One of MoonPay's innovations is the “one-tap” process for returning customers who have specifically completed the Know Your Customer (KYC) process. Although onboarding may involve initial steps like KYC and biometric ID verification, this process facilitates future transactions.
Soto-Wright compares this approach to the early days of PayPal, which was initially challenging but eventually became a highly trusted platform. MoonPay's streamlined experience aims to bring the same convenience and trust to the crypto ecosystem, setting it up for widespread adoption by 2025.
In the year He added that 2024 is a big success for MoonPay product development. We have improved all of our existing products to ensure a superior user experience. The goal was to create a seamless and refined interface, similar to Apple Pay, to make the platform intuitive and crash-free.
