Latest news with #MoonPay
Associated Press
6 days ago
- Business
- Associated Press
KYN Capital Unveils Groundbreaking Global Partnership to Revolutionize Crypto Spending in Q3 2025
RANCHO CORDOVA, CA - May 29, 2025 ( NEWMEDIAWIRE ) - KYN Capital Group (OTC: KYNC) KYN Capital Group, a trailblazer in cryptocurrency innovation, is excited to announce a groundbreaking partnership for its KOINFOLD Pay 2.0 wallet, slated for launch before Q3 2025. This transformative collaboration will enable users to spend cryptocurrencies at over 30,000 retailers worldwide, representing a major milestone in integrating decentralized finance (DeFi) with mainstream commerce. Building on the success of its MoonPay integration, which facilitates seamless fiat-to-crypto conversions, KOINFOLD Pay 2.0 partnered with BullionStar. During Q2 2025 this collaboration allows users to purchase physical precious metals - gold, silver, and platinum - directly with cryptocurrencies like Bitcoin and Ethereum, delivering a smooth and innovative transaction experience. The upcoming retail partnership will empower KOINFOLD Pay 2.0 users to conduct fast, low-cost transactions using popular digital assets, including SOL, stablecoins, and others. Whether dining at local restaurants or purchasing electronics from global retailers, users will experience unmatched flexibility and convenience for everyday purchases. 'This partnership is a pivotal step toward making cryptocurrency a practical and accessible payment option for millions,' said Rick Wilson, CEO of KYN Capital Group. 'By leveraging cutting-edge blockchain technology and an extensive retail network, we are building a seamless bridge between DeFi and the global economy.' Further details about the partnership, including the collaborating entity and additional features, will be unveiled before Q3 2025. KOINFOLD Pay 2.0 remains dedicated to driving widespread cryptocurrency adoption through user-friendly, secure, and cost-effective payment solutions. Download KOINFOLD here: KOINFOLD Google Play StoreKOINFOLD IOS APP STORE Follow KYN Capital Group, Inc. (KYNC) on Twitter and Instagram KOINFOLD on Discord: About KYN Capital Group, Inc. (KYNC) KYN Capital Group, Inc. (KYNC), a Nevada Corporation, is a leading holding company dedicated to being at the vanguard of its industry working on acquisitions in the entertainment, blockchain, cryptocurrency and touchless payment verticals. KYNC leverages the expertise of its highly skilled team & developers to create a cohesive force in formulating market and business strategies, ensuring that they remain ahead of the curve to carry the company forward in the marketplace. Safe Harbor Statement: Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as expects,' 'anticipates,' 'plans,' 'believes,' 'scheduled,' 'estimates' and variations of these words and similar expressions are intended to identify forward-looking statements. Forward- looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release. Contact: KYN Capital Group, Inc. (KYNC) [email protected] View the original release on
Yahoo
16-05-2025
- Business
- Yahoo
Mastercard joins forces with MoonPay on stablecoin payments
Mastercard has partnered with MoonPay, a cryptocurrency payment solutions provider, to allow global stablecoin transactions using Mastercard-branded cards. This move aims to enable users to spend their digital currency at over 150 million locations globally where Mastercard is accepted. The partnership utilises Iron's API-driven stablecoin infrastructure, which MoonPay acquired in March, to facilitate payments for businesses and convert crypto wallets into digital bank accounts for cross-border money transfers. Additionally, it will enable businesses to offer stablecoin-based payments to gig workers, contractors, and creators. By combining Mastercard's international payments network with MoonPay's crypto economy connections, the alliance seeks to deliver payment solutions to both merchants and consumers. MoonPay has integrations over 500 crypto platforms and anticipates the combined reach extends to over 100 million active crypto users. Mastercard global partnerships executive vice president Scott Abrahams said: 'By providing solutions that unlock stablecoin utility and ubiquity, we are redefining how money moves globally and driving a shift in payments as we know it. Together with MoonPay, we're building innovative and secure connectivity between crypto and mainstream finance ecosystems, grounded by trust and driven by scale.' MoonPay CEO and founder Ivan Soto-Wright stated: 'MoonPay serves the largest crypto wallets in the industry, and with Mastercard, we're bringing convenient, trusted stablecoin-enabled cards to crypto users around the world. Our acquisition of Iron and long-standing relationship with Mastercard allow us to power a new era of payments made with stablecoins at more than 150 million merchant locations worldwide.' In March, MoonPay has secured a $200m revolving credit facility from Galaxy, a crypto-focused financial services firm. "Mastercard joins forces with MoonPay on stablecoin payments " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
16-05-2025
- Business
- Finextra
Mastercard and MoonPay bid to mainstream stablecoin payments
Mastercard is stepping up its commitment to stablecoins, inking a deal with MoonPay to enable people and businesses to use them for payments across global markets. 0 Enterprises and fintechs will be able to tap Mastercard branded cards linked to users' stablecoin balances, enabling cardholders to spend their stablecoins, which will simultaneously be converted to fiat currency, at more than 150 million locations where Mastercard is accepted worldwide. The partnership will use API-driven stablecoin infrastructure from Iron, acquired by MoonPay in March, to facilitate the payments for businesses and transform crypto wallets into new digital bank accounts for seamless global transactions. This, say the partners, will unlock the ability for businesses, neobanks, and other payment participants to easily manage payouts and disbursements more efficiently, improving cross-border money transfers. It also allows businesses to offer stablecoin-based payouts to gig workers, contractors and creators. 'By providing solutions that unlock stablecoin utility and ubiquity, we are redefining how money moves globally and driving a shift in payments as we know it,' says Scott Abrahams, EVP, global partnerships, Mastercard. 'Together with MoonPay, we're building innovative and secure connectivity between crypto and mainstream finance ecosystems, grounded by trust and driven by scale.' With increasing global regulatory clarity, Mastercard is betting that stablecoins are evolving from crypto trading tools to an option that can bring efficiency and programmability to payments, disbursements, and remittances. The MoonPay agreement comes weeks after the payments giant unveiled an integrated 360-degree approach to allow consumers and businesses to use stablecoins as easily as the money in their bank accounts.
Business Mayor
15-05-2025
- Business
- Business Mayor
FinTech Partnerships Look to Crack Stablecoin On- and Off-Ramp Challenges
Highlights Stablecoin adoption is growing, with partnerships like Mastercard and MoonPay signaling mainstream interest and proving key to usability, but scalability remains hindered by limited fiat on- and off-ramps, merchant acceptance and regulatory uncertainty. Stablecoins offer benefits, especially for cross-border payments and emerging markets, thanks to their speed, reliability and programmability, but they require better infrastructure and integration with legacy financial systems. Banks and FinTechs can act as stablecoin issuers, custodians and fiat liquidity providers, but U.S. regulatory hurdles — highlighted by political blocks like the GENIUS Act — may ultimately shape their future more than the technology itself. Solutions in search of problems tend to get nowhere. Stablecoins, which have the potential to become widely used for payments, are trying to avoid that fate. Stablecoins are being held as more than a cryptocurrency curiosity, as evidenced by news Thursday (May 15) that Mastercard launched a stablecoin-focused partnership with crypto payments FinTech MoonPay . However, the full potential of the fiat-pegged digital asset class remains constrained by limited on- and off-ramp infrastructure and insufficient acceptance among merchants and consumers. There's also the regulatory elephant in the room in the United States. The benefits of stablecoins can be enticing, particularly in cross-border and emerging market transactions. These programmable dollars (or euros, or pesos) can move at the speed of the internet. They combine the reliability of traditional money with the speed and efficiency of blockchain rails . Still, like all powerful tools, stablecoins' value depends on the system they're part of. That could require legitimate institutions to build the rails, encourage acceptance, align with regulations and integrate with legacy systems. Read More Digital Dollars and a Bitcoin ETF on the Horizon - Bloomberg On paper, stablecoins may seem like the perfect bridge between two financial worlds. Citi Institute 's Future of Finance think tank projected that the stablecoin market could jump to at least $1.6 trillion by 2030, assuming regulatory support and institutional integration continue apace . In practice, however, stablecoins can be stuck in a transactional limbo where they are underused and misunderstood. The key to unlocking their full potential could lie in partnerships for seamless fiat on- and off-ramps , as well as widespread acceptance from merchants and consumers. See also: 3 Things Payment Stakeholders Can All Agree On About Stablecoins The Plumbing of Digital Money: On- and Off-Ramps For most Americans not actively involved in crypto markets, stablecoins might as well not exist. But most Americans still bank with institutions that are centuries old. In the crypto economy of certain regions, wallets like MetaMask , Coinbase Wallet and others are the new front ends of finance, and fiat ramps serve as the connective tissue between these wallets and the fiat world. Today, most stablecoin entry points still rely on centralized crypto exchanges like Coinbase , Binance or Kraken . These platforms offer fiat gateways where users can link bank accounts or cards to buy stablecoins. However , for stablecoins to become ubiquitous , access needs to move beyond crypto-native tools. That means embedding on-ramps into FinTech apps, remittance platforms and retail bank services. Emerging markets, where banking infrastructure is often limited or unreliable, stand to benefit the most. For example, Ramp announced May 7 an expansion of its issuing partnership with Stripe to launch stablecoin-backed corporate cards designed to facilitate cross-border transactions. The integration will start with select Latin American markets and then expand to countries in Europe, Africa and Asia . CEO Konstantin Anissimov told PYMNTS this week that there has been 'a big shift in terms of adoption of stablecoin payments that is being driven by uncertainty in geopolitics.' 'I am personally seeing a big increase of small to medium enterprises utilizing stablecoin payments because banking rails are harder and harder to use,' Anissimov said. Read also: Crypto Firms Chase Bank Charters as Circle Launches Stablecoin Orchestration Layer Can Stablecoins Successfully Change the World's Financial Fabric? From Shopify plugins to crypto-friendly point-of-sale (POS) systems, technical solutions exist to enable stablecoin acceptance. However, what's lacking is incentive. Traditional payment processors like Visa or PayPal offer reliability, fraud protection and settlement services that most blockchain payment systems can't yet match. Equally critical are off-ramps — the pathways through which users convert stablecoins back into fiat currency. Without these, stablecoins risk becoming digital dead-ends. Users want to spend, not just hold. That's in part why, rather than resisting, banks can reposition themselves as custodians of digital assets, offering secure storage and compliance partnerships that handle know your customer and anti-money laundering obligations for stablecoin issuers. At the same time, they can serve as liquidity providers offering fiat backstops and redemption services. They could even be issuers themselves. Some, like J.P. Morgan , already are. 'I think the largest banks will succeed as stablecoin issuers,' Amias Gerety , former assistant secretary of the Treasury, told PYMNTS in March. Still, policy could shape the stablecoin trajectory in the U.S. more than technology. Perhaps the most eye-catching development in 2025 has been the President Donald Trump family's foray into stablecoins . The USD1 token, unveiled at a Dubai conference and reportedly used in a $2 billion Binance investment by Abu Dhabi's MGX , raised eyebrows and strategic questions. That foray , as well as others , resulted in the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 (GENIUS) Act , a bill to promote stablecoins , being blocked in the U.S. Senate over political disagreements. For all PYMNTS digital transformation coverage, subscribe to the daily Digital Transformation Newsletter . See More In: banking, Banks, Bitcoin, Blockchain, Cryptocurrency, digital assets, digital currency, digital transformation, digital wallets, FinTech, Government, Mobile Wallets, News, partnerships, PYMNTS News, regulations, stablecoins, Technology
Yahoo
15-05-2025
- Business
- Yahoo
MoonPay Mastercard Launch Crypto Card, Allowing Users to Make Merchant Payments With Stablecoins
MoonPay has partnered with Mastercard to let users spend stablecoins at more than 150 million merchants worldwide, the company announced on Thursday. The integration means that users of 'every crypto wallet' will be able to access virtual Mastercards that draw directly from their stablecoin balances. The cards can be used at any merchant in Mastercard's network. The rollout comes amid a broader trend. Mastercard has last month unveiled end-to-end stablecoin capabilities as it moves deeper into the cryptocurrency economy, and partnered with OKX to launch a debit card with the exchange. Similarly, crypto exchange Kraken teamed up with Mastercard to let its users in the UK and Europe spend their cryptocurrency at any merchant in the payments giant's network. Earlier this year, Mastercard also began supporting tokenized real-world assets (RWAs) on its network through a partnership with Ondo Finance, which offers tokenized U.S. Treasury bills. UPDATE (May 15, 14:00 UTC): updates headline. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
