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encryption payment company MoonPay has acquisition stablecoin company Iron
PANews March 13th news, according to CNBC, encryption payment giant MoonPay is intensifying its efforts to enter the enterprise market through the acquisition API-first stablecoin infrastructure startup Iron. This is MoonPay's second major acquisition in two months, highlighting its ambition to dominate the rapidly rising stablecoin payment market. MoonPay co-founder and CEO Ivan Soto-Wright said in an interview: 'We believe that everyone will have a digital currency wallet, whether it is within a bank account or exists independently. And we are building backward compatibility with the existing financial system.' Soto-Wright likened this acquisition to PayPal's acquisition of Braintree, which processes credit card transactions for companies like Meta, with total payments close to $600 billion last year. Soto-Wright said: 'This is our Braintree moment, Iron's technology positions MoonPay to become an authoritative infrastructure provider for enterprise Stable Coin solutions.'