MoonPay and Blocto partner for crypto wallet with Flow on-ramp

MoonPay, the global payments solutions provider for crypto, has announced a partnership with crypto wallet provider Blocto to enable an industry-first wallet with a fiat on-ramp into the Flow ecosystem. This new partnership is expected to provide easy access to the NFT marketplace for the role-playing online game Chainmonsters, including the recent exclusive NFTs in its successful Genesis Drop on September 14th.

MoonPay’s has both on-ramp and off-ramp fiat capabilities which helps in bringing on even simple users with not much knowledge of blockchain or crypto into the ecosystem by enabling them to participate directly through traditional fiat payment methods. This collaboration will ensure that all gamers have access to Chainmonsters and can enter the marketplace if they use the Blocto wallet. Through this integration with MoonPay, users would be able to purchase the native token of Flow, the FUSD, which they can do on-ramp and use within the game for purchase of game-related assets.

Ivan Soto-Wright, co-founder and CEO of MoonPay said: “Our mission at MoonPay has always been to make fiat-to-crypto transactions as simple as possible. The blockchain industry continues to take massive leaps into the mainstream. As blockchain-based games such as Chainmonsters become increasingly popular, we’re excited to be partnering with Blocto to offer a new and easy experience for fuelling blockchain games.”

One of the most popular games on Flow’s ecosystem is Chainmonsters, which is an online multiplayer game that currently has over 52,000 users. Users can connect their Blocto wallet to their Chainmonsters account to have full access to its NFT marketplace. Users can then use their debit cards or Apple Pay and use their USD to buy FUSD, the native token, and then make purchases.

Hsuan Lee, CEO of Blocto said: “The key to ensuring blockchain’s mainstream’s adoption is a two-part process: creating exciting DApps such as Chainmonsters, but then also making sure they are easily accessible. After recently debuting our first NFT at The First Mint in July, we’ve had an influx of close to 90,000 users, all of which are excited to participate in impressive new projects. We’re pleased we can collaborate with a like-minded partner like MoonPay to offer them, and existing users, a new and easy experience for blockchain games.”

The Genesis drop done on September 14 saw a huge amount of demand from the users and the company would hope that this additional integration would further spur the growth of the game and also the transaction volumes.