MoonPay, a crypto payments provider, has introduced Interac e-Transfer as a payment option for Canadian users, aiming to streamline the purchase of digital assets.
With this new addition, MoonPay users in Canada will be able to fund their transactions using Canadian dollars directly from their bank accounts, offering a secure and familiar checkout process. This move by MoonPay is designed to make it easier for Canadians to enter the crypto economy as the country continues to grow rapidly in this sector.
Features of Interac e-Transfer
MoonPay notes that Interac e-Transfer is a widely-used method among Canadians for online transfers and purchases. By leveraging Paramount Commerce, MoonPay ensures customers can benefit from an enhanced experience. Users need to choose their participating bank and then complete the payment through their bank’s app or online banking, streamlining the process without manual input.
The benefits of using Interac e-Transfer for Canadian users include:
- Real-time transactions with Interac e-Transfer for Business;
- Enhanced security and trust supported by Canadian banks and credit unions through the Interac payment rail;
- A seamless experience by allowing customers to pay directly from their Canadian bank accounts in CAD.
Interac e-Transfer is now available as a payment method for eligible Canadian customers on MoonPay’s platform.
Recent Developments at MoonPay
Prior to this announcement, MoonPay launched an embedded balance solution on Bitcoin.com. The new capability, powered by MoonPay’s Embedded Balance solution, was intended to enhance the efficiency, affordability, and reliability of cryptocurrency transactions. By integrating fiat balances within the app, users from the US, EU, and UK were able to fund, store, and spend their balances to buy and sell crypto without facing any MoonPay fees on crypto purchases.
