MoonPay obtains a $200M credit line from Galaxy

#MoonPay secures a $200M credit line from #Galaxy for moments of extreme liquidity demand. Despite achieving cash-flow positivity and profitability by the end of 2024, with a 112% year-over-year net revenue increase, MoonPay has still chosen to secure the credit line.

MoonPay is a financial technology company that provides payment infrastructure for cryptocurrencies. It offers on-and-off-ramp products that enable users to seamlessly convert between fiat currencies and cryptocurrencies using major payment methods, including debit and credit cards, local bank transfers, Apple Pay, Google Pay and Samsung Pay.

👉 theblock.co/post/347301/moonpay-200-million-credit-line-galaxy-trump-memecoin-like-frenzies