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MoonPay: Crypto app introduces swaps

source-logo  en.cryptonomist.ch 17 October 2023 12:47, UTC

The crypto app MoonPay has launched a new Swaps feature to offer its users the ability to trade over 1,500 pairs.


MoonPay and the new Swaps feature on the crypto app to trade 1500 trading pairs

MoonPay has announced the launch of a new feature within the crypto app: Swaps. With this addition, users will be able to trade over 1500 cryptocurrency trading pairs.

Introducing Swaps! 🔄 Unlock the value from the assets you already own by swapping over 1,500 trading pairs. It’s fast, cross-chain with competitive exchange rates.

Download the MoonPay app to get swapping today. pic.twitter.com/MKmzIVriSK

— MoonPay 🟣 (@moonpay) October 6, 2023

The new feature is designed to be a secure, cross-chain solution with great exchange rates, low gas fees anda selection of over 1,500 trading pairs.

Not only that, but because it is all in-app, Swaps allows you to trade between wallets while staying within MoonPay.

Thanks to Swaps, MoonPay can now expand the crypto products offered through the app, which was launched last May and initially only allowed users to buy and sell cryptocurrencies and manage multiple wallets within it.

MoonPay and the crypto app’s tweet about Taylor Swift’s new film

Earlier today, MoonPay posted the following tweet to show its 103,000 followers on X how crypto adoption is growing:

Two things you can buy with crypto now:

🟣 Ferraris: the luxury car marker now accepts crypto payments (BTC, ETH, USDC) for its sports cars in the U.S.
🟣 Taylor Swift 🎟️ – people can now use crypto to buy tickets to the new movie, “Taylor Swift: The Eras Tour”

— MoonPay 🟣 (@moonpay) October 16, 2023

Basically, crypto app MoonPay has been making news in recent days. And indeed, just this week, it seems that the AMC cinema chain has agreed to accept crypto payments for the purchase of tickets to the highly anticipated film “Taylor Swift: The Eras Tour”.

To take advantage of this payment option, fans can visit the AMC website or mobile app and select BitPay at checkout.

This has been made possible through a collaboration between AMC and BitPay, which will allow users to purchase movie tickets in Bitcoin, Ethereum, Dogecoin and Shiba Inu, Bitcoin Cash, Litecoin and XRP.

There is also the announcement of cryptocurrency payment service provider Bitpay:

🌟 Exciting News for Taylor Swift Fans! 🌟

Get ready for the Taylor Swift Eras Tour Movie, an immersive experience that brings you back to all of her unforgettable eras! And the best part? You can now purchase your tickets using cryptocurrency through BitPay on AMC! https://t.co/S7kv8YRVwU

— BitPay (@BitPay) October 12, 2023

News of Ferrari accepting crypto payments boosts Bitcoin price

In today’s tweet from MoonPay, there is also a reference to the weekend’s news of another BitPay partnership, but this time with Italian luxury sports car brand Ferrari.

Basically, Enrico Gallera, Ferrari’s Chief Marketing and Commercial Officer, said that they have activated cryptocurrency payments for the purchase of luxury cars. At the moment, this new payment method is only available to US dealers, but will be extended to Europe in the future.

BitPay will therefore allow payments in BTC, ETH and USDC for the purchase of a Ferrari, converting the crypto into fiat currency at the time of payment, allowing Ferrari dealers to accept dollars or euros.

This news may have contributed to Bitcoin’s $28,000 price spike over the weekend, with yesterday’s spike taking BTC to $29,260. At the time of writing, BTC is worth $28450.