VALR, Africa’s biggest digital assets exchange by trading volume, and MoonPay, the leading provider of crypto-fiat infrastructure, have entered into a strategic collaboration. Thanks to the initiative, traders will enjoy secure fiat on- and off-ramps in 180 local cryptocurrencies.
VALR, Africa's top crypto exchange, integrates MoonPay
According to the official statement by the two teams, VALR, the largest crypto exchange in Africa by aggregated trading volume, and MoonPay, a flagship provider of crypto-to-fiat processing solutions, formed a strategic alliance.
The collaboration agenda is set to streamline fiat on- and off-ramps for users in over 180 countries. This partnership enables VALR to support 34 fiat currencies, including KES (Kenyan Shilling), NGN (Nigerian Naira), IDR (Indonesian Rupiah), TRY (Turkish Lira), BRL (Brazilian Real) and TWD (Taiwan Dollar), across payment methods such as credit and debit cards, Apple Pay, Google Pay, PayPal and Venmo.
Farzam Ehsani, сofounder and CEO of VALR, highlights the importance of MoonPay integration and introduces the opportunities it unlocks for businesses and individuals using VALR:
We are thrilled to partner with MoonPay to enhance our platform’s accessibility for users worldwide. This integration empowers our global community with efficient access to cryptocurrencies, aligning with VALR’s vision of building a financial system that reflects the oneness of humanity.
The integration strengthens VALR’s mission to expand its global footprint and provide seamless access to cryptocurrencies like Bitcoin and stablecoins. With a user base exceeding 1.3 million and over 1,300 corporate and institutional clients, VALR continues to lead the development of a more inclusive global financial system.
Empowering on-chain users of digital money
Ivan Soto-Wright, cofounder and CEO at MoonPay, welcomes everyone to try the new combination of services first-hand:
We believe the future of money is crypto, and our goal is to make it easy for everyone to participate in this new digital economy.
Also, he is certain that partnering with VALR to broaden access to stablecoins and other tokens is an exciting step toward the two teams' shared mission of global crypto adoption, empowering users in Africa and beyond to hold value on-chain.
Founded in 2018 and headquartered in Johannesburg, VALR offers a comprehensive suite of crypto services, including spot trading, futures, staking, lending, OTC Trading, VALR Pay and a world-class API for businesses and high-frequency traders to build on.
Licensed by South Africa’s FSCA, with regulatory approvals in Europe and initial approval from Dubai’s VARA, VALR has raised $55 million from investors such as Pantera Capital, Fidelity’s F-Prime and Coinbase Ventures. MoonPay, trusted by over 30 million users, provides end-to-end solutions to simplify crypto access across 180+ countries.
Vladislav Sopov
U.Today Editorial Team