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MoonPay Ventures recently made a move by investing in the self-custody wallet Zengo.
This time, it’s not just about funding. MoonPay will also provide Zengo with underlying payment capabilities, directly supporting users in buying and selling cryptocurrencies within the wallet. The two companies will be closely integrated moving forward, working together to refine the product experience, making the wallet more user-friendly and expanding the payment channels. The entire Zengo ecosystem’s product line will benefit from this.
Speaking of which, Zengo’s roster of investors is quite impressive. Previously, institutions like Insight Partners and Tether have invested as well. Now, with MoonPay—a major player in the payments sector—joining in, it looks like they’re gearing up to make big strides in payments and usability.