Jack Dorsey’s fintech company, Block, has announced a partnership between its Bitkey hardware wallet and MoonPay, enabling users to buy Bitcoin using various payment methods directly within the Bitkey app.
This collaboration aims to simplify the Bitcoin purchasing process, making it more accessible and user-friendly.
Through this integration, Bitkey users can now purchase Bitcoin using credit and debit cards, bank transfers, and popular fintech solutions like Apple Pay, Google Pay, and PayPal.
Previously, buying Bitcoin required moving between different apps, but now the entire process can be completed within Bitkey.
Keith Grossman, MoonPay’s President of Enterprise, highlighted the ease of the new system, noting that Bitkey users who are already registered and verified with MoonPay will have their payment methods securely stored for quick transactions.
MoonPay operates in over 180 countries and supports large transactions up to $10,000.
Thomas Templeton, head of Proto, the team behind Bitkey, expressed excitement about the partnership, emphasizing their goal to empower more people to own and manage their Bitcoin through simplified self-custody solutions.
The companies also plan to introduce a crypto-to-fiat exchange feature later this year, further expanding Bitkey’s capabilities.
Bitkey, launched in March, is designed to rival other self-custody wallets like Ledger and Trezor.
It features a unique “2-of-3” multi-signature setup, eliminating the need for passwords or seed phrases, thus enhancing security and ease of use.
