TL;DR
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MoonPay has just launched a consumer app that allows users to manage multiple crypto wallets all in one place.
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If you’ve dabbled in the crypto space long enough, chances are you’ve got at least a few wallets to keep track of.
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It sounds like an ideal user experience to have them all in one place – let’s hope the consumer app is as seamless and secure as their core entry and exit product.
Full story
To date, MoonPay is pretty much known for one (boring, but essential) thing: crypto infrastructure.
It is one of the largest companies offering crypto entry and exit.
(I.e. a way for people to convert fiat currency like USD to crypto and back to fiat).
As a result, they helped, and we quote: “millions of customersconnect their wallets as an entry and exit point to the crypto space.
Decentralization may be about owning your data, but hey, in this case, MoonPay has one lot of data to analyze.
For example, seeing that 55% of their users have transacted with three or more wallets (!!)
Which brings us to the news: MoonPay has just launched a consumer app that allows users to manage multiple crypto wallets all in one place.
Here’s why this is smart:
Without looking too much like a paid advertisement (it’s not), MoonPay is good at making products that just work.
Unlike some of the new companies entering the space with similar products, many consumers have used and recognized MoonPay, for example when converting USD to ETH in MetaMask.
Moreover, this is a real problem.
If you’ve dabbled in the crypto space long enough, chances are you’ve got at least a few wallets to keep track of.
It can be an impossible task!
It sounds like an ideal user experience to have them all in one place – let’s hope the consumer app is as seamless and secure as their core entry and exit product.