encryption payment company MoonPay has acquisition stablecoin company Iron

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PANews March 13th news, according to CNBC, encryption payment giant MoonPay is intensifying its efforts to enter the enterprise market through the acquisition API-first stablecoin infrastructure startup Iron. This is MoonPay's second major acquisition in two months, highlighting its ambition to dominate the rapidly rising stablecoin payment market. MoonPay co-founder and CEO Ivan Soto-Wright said in an interview: 'We believe that everyone will have a digital currency wallet, whether it is within a bank account or exists independently. And we are building backward compatibility with the existing financial system.' Soto-Wright likened this acquisition to PayPal's acquisition of Braintree, which processes credit card transactions for companies like Meta, with total payments close to $600 billion last year. Soto-Wright said: 'This is our Braintree moment, Iron's technology positions MoonPay to become an authoritative infrastructure provider for enterprise Stable Coin solutions.'

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