African cryptocurrency exchange VALR and crypto payments company MoonPay have announced a partnership aimed at making cryptocurrencies more accessible in over 180 countries. The collaboration focuses on integrating MoonPay’s payment infrastructure with VALR’s platform to simplify fiat on- and off-ramps for users worldwide. This integration enables customers to buy and sell cryptocurrencies more efficiently through a variety of payment methods and fiat currencies.

VALR Partners with MoonPay

VALR Partners with MoonPay

As part of the partnership, VALR now supports 34 different fiat currencies, including the Kenyan Shilling, Nigerian Naira, Indonesian Rupiah, Turkish Lira, Brazilian Real, and Taiwan Dollar. The integration facilitates payments through commonly used methods such as credit and debit cards, Apple Pay, Google Pay, PayPal, and Venmo. This broad range of options aims to reduce barriers to entry for users seeking to transact in cryptocurrencies like Bitcoin and various stablecoins.

VALR’s Growth and Global Reach

Founded in 2018 and headquartered in Johannesburg, VALR has grown to serve over 1.3 million users and more than 1,300 corporate and institutional clients. The company offers a range of crypto services, including spot trading, futures, staking, lending, over-the-counter (OTC) trading, and business-oriented solutions such as VALR Pay and a high-performance API.

VALR is licensed by South Africa’s Financial Sector Conduct Authority (FSCA) and has regulatory approvals in Europe as well as initial authorization from Dubai’s Virtual Assets Regulatory Authority (VARA). The exchange has raised $55 million from investors including Pantera Capital, Fidelity’s F-Prime, and Coinbase Ventures.

VALR Partners with MoonPay

Statements from Leadership

In an interview with GamesBeat Farzam Ehsani, CEO of VALR, highlighted the significance of the partnership, stating that the integration with MoonPay will enhance the platform’s accessibility for users globally. He noted that this step aligns with VALR’s mission to build a financial system reflecting the unity of humanity through easier access to cryptocurrencies.

Similarly, Ivan Soto-Wright, CEO of MoonPay, said the partnership supports their shared goal of making it easier for people to participate in the emerging digital economy powered by cryptocurrencies. He emphasized MoonPay’s commitment to broadening access to stablecoins and other digital assets, especially in Africa and other regions.

VALR Partners with MoonPay

Final Thougths

The partnership between VALR and MoonPay marks a notable development in the effort to increase global cryptocurrency adoption. By combining VALR’s robust trading infrastructure with MoonPay’s extensive payment network, the collaboration aims to simplify the process of converting fiat currencies to cryptocurrencies and vice versa.

This integration supports the broader vision of creating a more inclusive financial system accessible to users in Africa and around the world. The partnership also reflects ongoing trends in the crypto industry toward enhancing user experience and expanding the practical use of cryptocurrencies in everyday transactions.