News View Non-AMP

MoonPay Partners with Ripple for Seamless XRP Buying and Storage in-App

Published by
Anjali Belgaumkar

MoonPay recently announced a partnership with Ripple, allowing users to buy, manage, and store XRP directly through the MoonPay app. This integration also marks the launch of RLUSD, Ripple’s dollar-pegged stablecoin, which Ripple Labs developed in collaboration with platforms like 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 directly within your MoonPay account.  Whether you’re a new recruit or a loyal soldier, welcome home.”

In an interview with The Paul Barron Network, MoonPay CEO Ivan Soto-Wright stressed MoonPay’s dedication to simplifying crypto adoption by reducing the friction involved in onboarding new users. The primary goal is to make crypto wallets as accessible and user-friendly as traditional bank accounts. MoonPay aims to offer a seamless experience for users, allowing them to easily move funds into their wallets with minimal hassle.

Streamlining Crypto Onboarding and Enhancing User Experience

One of MoonPay’s innovations is a “one-tap” process, especially for returning customers who have already completed the Know Your Customer (KYC) process. Although onboarding might involve initial steps like KYC and biometric ID verification, this process streamlines future transactions. 

Soto-Wright compares this approach to the early days of PayPal, which was initially challenging but evolved into a highly trusted platform. MoonPay’s streamlined experience seeks to bring similar ease and trust to the crypto ecosystem, preparing it for broader adoption by 2025.

He added that 2024 has been a breakthrough year for MoonPay’s product development. “We essentially revamped all our existing products, rebuilding them from scratch to ensure a top-notch user experience,” he explained. The goal was to create a seamless and polished interface, much like Apple Pay, to make the platform intuitive and free of glitches.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

What’s Next for the Chainlink (LINK) Price-Will it Reclaim $20 Before the End of the Month?

The recent rise in the bullish momentum has elevated the markets above the bearish captivity…

April 25, 2025

Coinbase Inks Strategic Partnership With PayPal to Enable Mainstream Adoption of PYUSD Stablecoin

The PayPal USD (PYUSD) stablecoin is fast approaching the $1 billion market cap milestone. The…

April 24, 2025

Cardano (ADA) Enters a Decisive Phase:  Will a Golden Cross Trigger a Move Above $1?

The crypto market is in a pivotal phase, marked by trend reversals, mixed short-term performance…

April 24, 2025

MultiBank (MBG) Token Analysis: A Standout Opportunity in the CEX Token Landscape

After examining the major centralized exchange tokens like BNB, OKB, CRO, and others, MultiBank's MBG…

April 24, 2025

Should You Be Bullish on POL (Prev. MATIC) Price? Will It Ever Reach $1?

The crypto market is witnessing some cautious declines today, with the total market capitalization dropping…

April 24, 2025

CME Group to Launch XRP Futures in May; Here’s What to Expect from the XRP Price Rally

Compared to the other cryptos, XRP has been displaying enormous strength as the bulls have…

April 24, 2025