#Crypto Payments #Canada #Toronto #MoonPay #Interac

MoonPay Integrates Interac e-Transfer® in Canada

In a significant development for Canadian cryptocurrency enthusiasts, MoonPay, a leader in the crypto payments sector, has unveiled the inclusion of Interac e-Transfer® as a payment method. This addition is expected to simplify the process of purchasing digital assets by utilizing one of Canada’s most trusted payment systems.

With the new integration, MoonPay users in Canada can now effortlessly fund their crypto transactions in Canadian dollars straight from their bank accounts. This not only enhances security but also provides a speedy and familiar checkout experience that many users are accustomed to. Ivan Soto-Wright, CEO of MoonPay, commented, "Canada is one of the fastest-growing crypto markets, and Interac® is the gold standard for payments here. By adding Interac e-Transfer, we're making it simple for Canadians to access the crypto economy in just a few clicks."

Interac has established itself as a trusted avenue for millions of Canadians who conduct online transfers and purchases daily. MoonPay leverages this robust infrastructure by incorporating Interac e-Transfer® Request Money through its partner, Paramount Commerce, to offer a seamless and efficient user experience. Customers only need to choose their participating bank and complete the transaction within their bank’s app or online banking platform without the hassle of manual entry.

Key Benefits of Interac e-Transfer for Canadian Users

1. Quick Transactions: Users will benefit from real-time payments enabled by Interac e-Transfer® for Business services, enhancing the speed of their transactions.
2. Trust and Security: The payments are bolstered by the backing of Canadian banks and credit unions, ensuring reliability through the Interac payment rail.
3. Seamless Experience: Customers can pay directly from Canadian bank accounts in CAD, making the process straightforward and user-friendly.

As of today, eligible Canadian customers are now able to use Interac e-Transfer on MoonPay’s platform, marking a new chapter in the integration of conventional banking with the evolving world of cryptocurrency.

About MoonPay

MoonPay is dedicated to simplifying the journey of buying, selling, and trading cryptocurrencies using everyday payment methods, which includes credit and debit cards as well as modern digital wallets like Apple Pay, PayPal, and Venmo. The platform also offers simple tools for users to send, receive, and manage stablecoins. Whether you are a newcomer to the world of digital money or a company exploring innovative uses for it, MoonPay provides the necessary infrastructure for safely integrating users into the blockchain-based financial ecosystem.

With a user base of over 30 million and vital infrastructure powering nearly 500 companies within the decentralized economy, MoonPay plays a crucial role in driving mainstream cryptocurrency adoption. It is fully licensed in the U.S. and adheres to regulations in regions including the UK, EU, Canada, and Australia. Furthermore, MoonPay has received certifications for its robust security measures, ensuring customers can trust its platform for financial transactions.

About Paramount Commerce

In tandem with MoonPay’s offering, Paramount Commerce aims to streamline payment experiences and is recognized as Canada's leading partner for bank transfers. Their solutions have gained the trust of millions, showcasing an impressive record where over $100 billion in transaction volume has been processed. Featuring functionalities such as one-click payments, vigorous risk management, and seamless integration capabilities, Paramount Commerce has carved out a niche in creating unparalleled experiences for both merchants and customers.

Interac and Interac e-Transfer are registered trademarks of Interac Corp. Used under license.