MoonPay
MoonPay
MoonPay is a crypto on/off-ramp infrastructure that lets apps, wallets and marketplaces enable their users to buy and sell crypto via card, bank transfer and other payment methods, handling the fiat-crypto flow as a money transmitter. Founded in 2019, it is registered as an MSB with FinCEN (with money transmitter licenses in several US states) and as a cryptoasset firm with the FCA in the UK. It also offers products for AI agents (agentic payments) and operates in more than 160 countries.
Data & conditions
| Service type | Stablecoin infrastructure |
|---|---|
| Pricing model | Not disclosed |
| Stablecoins | USDC, USDT |
| Customer type | Fintech, Enterprise, Platforms, Marketplace |
| Fund custody | Custodial (platform holds funds) |
| Supported countries | US, EEA, UK, APAC, LATAM, MENA, AFRICA |
| Regulator | FinCEN (US) · FCA (UK) |
| Segment | B2B, B2C |
| MiCA / License status | FinCEN MSBFCA (registered cryptoasset firm) |
Strengths
- Widely integrated on/off-ramp with broad geographic coverage (160+ countries) and payment methods.
- Regulatory registrations in the US (FinCEN MSB + state licenses) and UK (FCA); strong backing ($555M in 2021).
- No notable sovereignty advantage documented.
Weaknesses
- As a ramp/money transmitter it handles funds in transit: the user relies on MoonPay during conversion.
- Consumer fees on crypto purchases can be high compared to exchanges.
- Custodial: the platform holds your funds and can freeze or lose them.
Verdict
Score 4.2/5, very strong profile. In its favour: widely integrated on/off-ramp with broad geographic coverage (160+ countries) and payment methods. The trade-off to weigh: as a ramp/money transmitter it handles funds in transit: the user relies on MoonPay during conversion.
On the Sovereignty lens the score is 0.0/5 (weak): the strength is fund control (0.0/5).
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Can an individual use MoonPay?
Yes, indirectly: most users encounter the MoonPay widget inside a third-party wallet or app to buy crypto, but MoonPay is primarily infrastructure for businesses.
Does MoonPay custody user funds?
During a transaction yes: as a money transmitter it handles fiat funds in transit while converting to crypto (which is then sent to the user's wallet).
Sources
- Official service page Data verified on Jul 17, 2026
- en.wikipedia.org Data verified on Jul 17, 2026