MoonPay

The company #Ripple , issuer #xrp , in collaboration with the cryptocurrency payment service <t-20/>#MoonPay donated stablecoins to combat the fires in the American state of California. Employees of these companies transferred Ripple USD (RLUSD) coins pegged to the dollar to the Los Angeles Fire Department in the amount of $50,000. The rescuers, who are called heroes in this emergency situation, thanked the organizations for their financial support during the crisis.

MoonPay, alongside BitStaete, ZBD, and Hidden Road, has achieved a significant milestone by obtaining Markets in Crypto Assets (#MiCA ) licenses from Dutch regulators. These approvals, confirmed in a December 30 filing by the Dutch Authority for the Financial Markets (#AFM ), empower the companies to operate seamlessly across all 27 EU member states under a unified regulatory framework.

Ivan Soto-Wright, CEO and co-founder of MoonPay, described the development as transformative for the European cryptocurrency industry. “𝐌𝐢𝐂𝐀 𝐢𝐬 𝐚 𝐥𝐚𝐧𝐝𝐦𝐚𝐫𝐤 𝐚𝐜𝐡𝐢𝐞𝐯𝐞𝐦𝐞𝐧𝐭 for digital asset regulation in Europe, and we’re honored to be among the first to collaborate with the Dutch AFM to embrace this new framework,” 𝐒𝐨𝐭𝐨-𝐖𝐫𝐢𝐠𝐡𝐭 stated. The MiCA legislation, designed to standardize cryptocurrency regulations across Europe, includes the Crypto Asset Service Provider (CASP) license, enabling license holders to expand operations throughout the bloc.

The new regulatory framework began its phased rollout on June 30, 2024, initially targeting stablecoins, referred to as “ 𝐀𝐬𝐬𝐞𝐭 𝐑𝐞𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐓𝐨𝐤𝐞𝐧𝐬” 𝐚𝐧𝐝 “𝐄-𝐌𝐨𝐧𝐞𝐲 𝐓𝐨𝐤𝐞𝐧𝐬.” The December 30 extension brought all other regulated digital tokens, coins, and 𝐂𝐀𝐒𝐏𝐬 under its purview. Alongside MoonPay, firms like BitStaete, a digital asset management platform; 𝐙𝐁𝐃 , a fintech company specializing in Bitcoin lightning solutions; and Hidden Road, a clearing and brokerage firm, have secured 𝐂𝐀𝐒𝐏 licenses. These approvals mark a pivotal step forward for these companies as they navigate the evolving regulatory landscape of the European Union.

𝐌𝐢𝐂𝐀’𝐬 𝐃𝐮𝐚𝐥 𝐈𝐦𝐩𝐚𝐜𝐭: 𝐒𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐯𝐬. 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐒𝐭𝐫𝐚𝐢𝐧 🔥🔥🔥🔥🔥

While MiCA is lauded for providing regulatory clarity and promoting market maturity, its stringent requirements have sparked debate among industry players. Economists have raised concerns about the financial strain it imposes, particularly on smaller crypto firms. Stablecoin issuers, for example, must maintain at least 30% of their reserves in low-risk, EU-based banks, while larger issuers like Tether and Circle face even stricter mandates, requiring 60% reserves in similar institutions.

Critics argue that such measures could hinder smaller startups and escalate operational costs, potentially driving companies toward jurisdictions with more favorable regulations. 𝐀𝐠𝐧𝐞 𝐋𝐢𝐧𝐠𝐞 , head of growth at DeFi platform WeFi, highlighted the challenges for smaller issuers, calling the 30% reserve requirement “financially burdensome.” Similarly, U𝐥𝐝𝐢𝐬 𝐓𝐞𝐫𝐚𝐮𝐝𝐤𝐚𝐥𝐧𝐬 𝐨𝐟 𝐏𝐚𝐲𝐛𝐢𝐬 𝐩𝐫𝐞𝐝𝐢𝐜𝐭𝐞𝐝 𝐭𝐡𝐚𝐭 𝐭𝐡𝐞 𝐔𝐀𝐄’𝐬crypto-friendly policies might attract firms seeking less restrictive environments.

Nonetheless, some industry leaders see the framework as a positive development. 𝐃𝐦𝐢𝐭𝐫𝐢𝐣 𝐑𝐚𝐝𝐢𝐧 , founder of 𝐙𝐞𝐤𝐫𝐞𝐭 , views MiCA as a necessary step to enhance market integrity and attract new users and funds. However, he also warned that increased regulatory scrutiny could lead to tighter oversight of retail investors. As MiCA takes full effect, its long-term impact will likely hinge on how well it balances market stability with fostering innovation.
#MoonPay #MiCAs #NonFarmPayrollsImpact

#MastercardStablecoinCards #MoonPay #StablecoinRevolution

Crypto is finally stepping out of the internet and into the real world 🌐! Mastercard and MoonPay have teamed up to launch a new stablecoin card 🪙💳 that lets you spend your crypto like regular money at over 150 million stores worldwide—including online and in-person 🛍️☕. That means your digital dollars like $USDC can now pay for your morning coffee, dinner out, or even your next flight ✈️!
This new card works just like a debit card—but instead of using your bank balance, it pulls from your crypto wallet 📲. The magic? It instantly converts your stablecoins into local currency (like dollars, euros, or yen) the moment you tap or swipe 💥. Thanks to MoonPay’s recent tech upgrade (they bought a company called Iron), the conversion is super smooth and fast ⚡—no delays, no confusion.

But it's not just for crypto nerds 😎. This card is a huge deal for businesses too! Now, companies can easily pay freelancers, gig workers, and content creators around the globe using stablecoins 💼💵. This solves the age-old headache of cross-border payments and long bank waits. Whether you’re in Asia buying from Europe or sending funds to Latin America, this card makes it quick and borderless.
Mastercard and MoonPay are building a powerful bridge 🏗️ between crypto and real-world finance. With over 100 million active crypto users already connected to MoonPay, this launch could finally make crypto spending totally normal. 💥 So, whether you're a seasoned trader or just crypto-curious, get ready—because digital money just went mainstream 🔓🌍.

Ripple and Moonpay have made a joint donation of $50,000 worth of RLUSD, Ripple’s new stablecoin tied to the U.S. dollar, to the Los Angeles Fire Department Foundation #LAFDFoundation . 
This contribution aims to support first responders battling the devastating California wildfires. 
#Ripple highlighted their commitment to evaluating additional ways to assist these critical emergency efforts. 
#MoonPay echoed this sentiment, emphasizing the significance of the donation in providing relief to firefighters across Los Angeles. 
The RLUSD contribution underscores the growing role of cryptocurrency in addressing real-world challenges and demonstrates how digital assets can be used effectively in crisis management.
#FirstRespondersHeroes
#FireFightersHeroes

The TRUMP meme coin of former US President Donald Trump created a storm in the cryptocurrency market as soon as it launched on the Solana platform. But behind that resounding success is strong support from three 'giants' in the industry: Ripple, Mike Novogratz's Galaxy Digital, and MoonPay.
The Power Trio Behind the TRUMP Meme Coin
MoonPay Rescues Galaxy Digital and Ripple
#MoonPay , the cryptocurrency payment provider, struggled to provide liquidity for the explosive demand for TRUMP tokens in the early days of the launch.

#MoonPay , the leading crypto payment company, has just signed a multi-year partnership agreement with Shots Podcast Network – the platform behind popular podcasts like "This Past Weekend" with Theo Von and "Full Send Podcast."
MoonPay Expands Influence Through Podcast
According to the announcement, MoonPay will become the exclusive crypto partner of #ShotsPodcastNetwork . MoonPay ads will appear throughout the podcasts in this network, and the company also plans to integrate more deeply in the future.