PassageThe global Crypto payment company, announced that it had obtained a 200 million dollars renewable credit line GalaxyA diversified innovator of financial services and investment management in the digital assets, cryptocurrency and blockchain technology.
Access to these Moonpay strategic capital positions to effectively prepare for the increase in volume requests and liquidity fired by current overvoltage of cryptocurrency market and provide transparent services to its growing global user base.
“The recent increase in crypto demand has demonstrated the critical importance of a robust and scalable infrastructure”, “ said Ivan Soto-Wright, CEO of Moonpay. “This rotating line of rotating credit from Galaxy offers us financial flexibility to meet increased demand and continue to offer an exceptional user experience. We are delighted to associate ourselves with Galaxy, a recognized leader in the space of digital assets, to support our growth and continuous expansion. ”
“Galaxy is delighted to support Moonpay, strengthening our commitment to stimulate growth and expand access within the digital asset ecosystem,“Said Mike Novogratz, founder and CEO of Galaxy.”Initiatives like this are the key to expansion and continuous maturity of industry, and we are impatiently awaiting our continuous collaboration. »»
This line of credit with Galaxy arrives at an unprecedented momentum for Moonpay and the cryptography industry. Moonpay finished 2024 FLOW in positive and profitable cash, achieving net growth of 112% in annual sliding. With this new credit line, Moonpay is able to capitalize on the expanding cryptography market and to consolidate its role as the main Crypto payment company for the global digital economy.
