Discover Cardholders Gain Crypto Access as Moonpay Expands Its Payment Network
Key TakeawaysMoonpay added Discover Network as its third major U.S. card brand alongside Visa and Mastercard.Discover Network cardholders can now buy crypto across Moonpays 500 enterprise partners.Moonpay serves 30 million customers in 180 countries and holds a New York Bitlicense. A Third Major Card Network The latest addition puts Discover Network alongside Visa and Mastercard in Moonpays lineup of supported U.S. card brands. Moonpay already processes payments through Apple Pay, Google Pay, Paypal, Venmo, bank transfers, and regional payment rails. Discover Network cardholders can now buy and sell crypto across Moonpays network of more than 500 enterprise partners. That list includes wallets, exchanges, and applications that rely on Moonpay to handle the fiat side of crypto transactions. Moonpay was the first crypto on-ramp to support Paypal and Venmo. The company frames the Discover Network addition as a continuation of that approach. Executives Weigh In “Every payment method we add removes a reason someone doesn‘t convert at checkout,” Richard Harrison, Vice President of Banking and Payments Partnerships at Moonpay, said in a release shared with Bitcoin.com News. “We’ve built Moonpay around a simple principle: every way people already pay should work for crypto.” Harrison added that Moonpay was first with PayPal and first with Venmo, and called Discover