Ivan Soto-Wright, Founder and CEO of MoonPay interviewed on CNBC about the partnership with MasterCard:

Ivan shared that stablecoins are a revolutionary technology that allows people around the world, especially those receiving money from the United States, to receive digital dollars via blockchain with just an Internet connection or phone. He emphasized that stablecoins are dollars on the blockchain, which can be transferred at "the speed of the Internet," providing speed and cost savings compared to traditional money transfer systems.

He also mentioned that MoonPay has acquired the developer platform Iron, to simplify infrastructure and help businesses easily integrate stablecoins via API.

When asked about the impact on traditional financial institutions like banks or MasterCard, Ivan does not see this as a threat but as a natural evolution of technology. He believes that transferring money over the Internet using stablecoins is cheaper, faster, and more democratic, and can replace traditional money transfer services that charge high fees of up to 6%.

Key message: Stablecoins are not just a new payment method, but also a part of the global financial revolution, where better technology will prevail, and MoonPay's mission is to democratize access to it for everyone.

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https://x.com/ThuanCapital/status/1923131392654967130