Discover Cardholders Gain Crypto Access as Moonpay Expands Its Payment Network
Moonpay added Discover Network as its third major U.S. card brand alongside Visa and Mastercard. Discover Network cardholders can now buy and sell crypto across Moonpay’s network of more than 500 enterprise partners, including wallets, exchanges, and applications that rely on Moonpay to handle the fiat side of crypto transactions. Moonpay was the first crypto on-ramp to support PayPal and Venmo.
“Every payment method we add removes a reason someone doesn’t convert at checkout,” said Richard Harrison, Vice President of Banking and Payments Partnerships at Moonpay. “We’ve built Moonpay around a simple principle: every way people already pay should work for crypto.”
Claudia Schaefer, Vice President of Strategic Client Management for Discover Global Payment Network, said: “At Discover Network, our goal is to provide consumers with the flexibility to pay when, where, and how they prefer. Through our payment solutions, we empower businesses like Moonpay to deliver a consistently secure and seamless experience for their users.”
Moonpay was founded in 2019 and now serves more than 30 million customers across 180 countries. The company supports more than 500 enterprise customers spanning crypto and fintech, powering on-ramps, off-ramps, trading, crypto payments, and stablecoin infrastructure through a single integration. Moonpay holds a New York Bitlicense and a New York Limited Purpose Trust Charter, as well as money transmitter licenses across the United States and MiCA authorization in the European Union.
The expansion signals continued convergence between traditional finance (TradFi) payment infrastructure and crypto markets, with card networks increasingly treating digital asset purchases as a standard transaction type. Adding Discover Network removes one more point where a transaction can fail before it starts. Moonpay’s enterprise partners benefit directly from the change, inheriting Discover Network support without building anything new on their end.