MoonPay CEO: Crypto Wallets Will Eventually Replace Traditional Bank Accounts, Stablecoin May Be Launched in the Future

According to Coindesk, Ivan Soto-Wright, CEO and co-founder of crypto payment infrastructure company MoonPay, said in an interview that crypto wallets will eventually replace traditional bank accounts, and revealed that MoonPay may launch a stablecoin in the future.

Currently, MoonPay is moving towards a non-custodial, API-first approach, and is committed to providing developers with plug-and-play infrastructure similar to Stripe. In January of this year, MoonPay acquired Solana-based crypto payment processor Helio for approximately $175 million.