Jack Dorsey’s BitKey Integrates MoonPay for Bitcoin Purchases with Fiat

Block, the firm behind Jack Dorsey’s hardware wallet BitKey, has enabled users to purchase Bitcoin using credit cards, bank transfers, and fintech solutions such as Apple Pay, Google Pay, and PayPal.

Breaking news: MoonPay’s Bitcoin on-ramp is now live on @BitkeyOfficial, the new self-custody BTC wallet by the Proto Team at @blocks!

Together, we’ll get Bitcoin into everyone’s hands: https://t.co/jQeNUD9R82 pic.twitter.com/6PgpHtO0Nr

— MoonPay ? (@moonpay) July 16, 2024

These new capabilities have been made possible through a collaboration with MoonPay.

The device, introduced in March, includes options for purchasing cryptocurrencies. Thanks to the partnership, the entire process can now be completed directly within the BitKey app, rather than on an external platform.

MoonPay operates in over 180 countries, allowing users to make purchases up to $10,000.

“With MoonPay, these users are already registered/have passed KYC, and their payment methods are securely stored,” stated MoonPay’s President of Enterprise, Keith Grossman.

The companies plan to integrate MoonPay Sell into BitKey for converting digital assets into fiat. Currently, the feature “works with numerous partners.” It is set to officially launch by the end of the year.

In April, ForkLog reported that the Ledger Live app, associated with the Ledger hardware wallet, will feature instant purchase and exchange of digital assets through MoonPay’s processing service.

Earlier, Core Scientific agreed to acquire $300 million worth of 3-nm chips for Bitcoin mining from Jack Dorsey’s Block, according to Bernstein estimates.