MoonPay Brings AI-Powered Stablecoin Spending to E-commerce

MoonPay, a 7-year-old cryptocurrency platform based in New York City, has introduced the MoonAgents Card, a Mastercard that revolutionizes online transactions.

The card enables users to spend stablecoins at any e-commerce merchant that accepts Mastercard. This innovative technology is made possible by its partnership with Monavate, a UK-based firm specializing in card-issuing capabilities.

The MoonAgents Card uses a self-custodial wallet to connect with a Mastercard virtual card. When a transaction occurs, the user confirms a smart contract, allowing access to their stablecoin balance. Monavate then authorizes the card and facilitates on-chain funding in real-time.