The Trezor wallet is already a popular name in the crypto world. For those who do not know, it is a hardware wallet. In fact, it provides advanced security while handling the private keys of different crypto coins. It does not expose the private key to a potentially compromised computer during a transaction. This very fact makes it a safer option than traditional cold storage methods.
However, now Trezor wallet is coming up with a new offering for its users. It has partnered with MoonPay, a crypto fintech startup. This partnership is aimed to enable direct crypto purchases. Therfore, that is going to be an exciting thing for all Trezor users. If you wish to know more about the new addition to the Trezor wallet, then this article is the perfect stop for you.
Keep reading the article to know more about the exciting Trezor feature.
Direct Crypto Purchases on Trezor Wallet
Trezor wallet has partnered with MoonPay to enable its users to purchase crypto directly from the wallet. MoonPay is a crypto fintech startup. It has backing from Tiger Global, Coatue and other major investors in the industry. This start-up enables its users to sell and buy NFTs and crypto coins using credit cards, debit cards and other payment options. In fact, in order to focus on NFTs and Web3, the start-up raised a fund of $87 million from the likes of Snoop Dogg and Justin Bieber, in April 2022.
Trezor, on the other hand, had a previous partnership with Invity. This new partnership with MoonPay is a build-up from there. Invity is a startup under SatoshiLabs. It provides direct-to-custody trades using various payment methods.
This new tie-up with MoonPay will allow Trezor users to sell and buy crypto coins via a noncustodial crypto wallet. This in turn will enable the users to protect their funds in a better way.
This new partnership is yet another milestone for Trezor wallet. The hardware wallet already supported the buying of crypto coins through an in-app Trade feature on its native app Trezor Suite.
In fact, Trezor claimed in one of its blog posts that this option has been there since 2020. The crypto exchange comparison tool created by Invity has been behind this feature. Antonio Talledo, MoonPay’s senior business development manager, stated that this is their step toward taking the security of its users more seriously.