MoonPay CEO: Cryptocurrency wallets will replace traditional bank accounts, and the company may launch a stablecoin product in the future

TechFlow, April 22 — According to CoinDesk, Ivan Soto-Wright, CEO and co-founder of crypto payment infrastructure company MoonPay, said that cryptocurrency wallets will eventually replace traditional bank accounts. Currently, MoonPay is moving toward a non-custodial, API-first approach, aiming to provide developers with plug-and-play infrastructure similar to Stripe.

The company currently has over 30 million verified users across 160 countries worldwide. In January, MoonPay acquired Helio, a Solana-based crypto payments processor, for approximately $175 million. Soto-Wright revealed that the company may launch a stablecoin product in the future.