MoonPay buys Glide to bolster crypto deposits infrastructure

MoonPay has acquired the crypto infrastructure startup Glide, integrating Glides deposit and routing technology, the companies said in a joint announcement shared with Cointelegraph on Thursday.　　MoonPay, a financial technology platform that provides fiat-to-crypto payment services, said the deal is part of MoonPays broader effort to become a digital asset infrastructure provider, adding capabilities beyond its original crypto payments business.　　Glide was founded in 2023 by Tushar Soni and Qinyu Tong, former members of the team behind Robinhood Wallet. The company was founded to help applications accept deposits from different tokens, wallets, exchanges and payment sources. Glide supports more than 100 tokens across 30 blockchain networks, according to the platforms documentation.　　Glide aims to remove friction from crypto deposits　　Soni and Tong founded Glide to solve recurring problem they observed while working with Web3 consumer startups, where users struggled to fund their wallets, Soni told Cointelegraph.　　“Funds sat on the wrong chain, in the wrong token, on an exchange, or on a card, and every deposit meant bridges, swaps, and drop-offs,” he said.　　The Glide co-founders met at Robinhood, where they worked together on Robinhood Wallet. “We got into Y Combinator with a plan to build wallet infrastructure for Web3 consumer startups, but working with those