MONI/BitGift® Signs Partnership With MoonPay to Provide Visa Debit Card, Onramp and Offramp Services to BitGift

Rhea-AI Summary

Moon Equity Holdings Corp. (OTC: MONI) announced a partnership between its subsidiary BitGift® and MoonPay, enhancing BitGift® functionalities. Users will now access Visa Debit Cards, along with Onramp and Offramp services to buy, sell, and transfer cryptocurrencies. This upgrade aims to provide a comprehensive user experience for BitGift® customers. MoonPay, valued at $3.4 billion post its Series A funding in November 2021, offers extensive fiat support and regulatory compliance, ensuring a seamless integration for BitGift®. Additionally, MONI is negotiating to acquire a profitable company with audited financials, signaling potential growth for the firm.

Positive

• Partnership with MoonPay enhances BitGift® services by providing Visa Debit Cards and Onramp/Offramp features.
• MoonPay's strong valuation ($3.4 billion) and global reach promise significant user benefits.
• MONI is in negotiations to acquire a profitable company, indicating potential revenue growth.

Negative

• None.

DELRAY BEACH, FL, Feb. 13, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Moon Equity Holdings Corp. (OTC symbol MONI) announces its wholly owned subsidiary, BitGift®, has signed a Partnership Agreement with MoonPay. Through the partnership, BitGift® will now be able to provide its customers the use of Visa Debit Cards, as well as Onramp and Offramp services. BitGift®, being MONI’s flagship product, will now offer a long-awaited complete set of features. Existing BitGift® users have already been able to open a cryptocurrency wallet to buy, store, send, or receive a crypto gift; now, with the help of MoonPay, BitGift® users will be able to sell their crypto, convert their crypto into cash, and send/transfer funds to a bank account of their choice.

https://www.moonpay.com/

This new partnership with MoonPay comes with great quality and magnitude. In November 2021, MoonPay completed a round of Series A funding in the amount of $555 million. This brought the valuation of MoonPay to $3.4 billion, which in turn placed MoonPay as the largest and highest-valued Series A for any bootstrapped crypto company having over five million customers.

https://www.moonpay.com/about-us

MoonPay ensures that compliance will never be an issue as it provides top notch KYC and onboarding services. Instant verifications and extensive tests were completed to allow the elimination of common drop-off points. A data sync and pass-through feature is used to ensure that users will never verify their identity twice. MoonPay will cover the costs and time dealing with chargebacks. This takes the risk out of cryptocurrency payment solutions. MoonPay has battle-tested their widget and APIs in hundreds of integrations so connecting to the crypto economy can be done in minutes. BitGift® has passed the necessary testing to be able to integrate with MoonPay. Once the integration is complete, BitGift® will be able to provide its users with a fully-complete Onramp and Offramp system.

https://www.moonpay.com/business/onramps

MoonPay provides a simple and secure system that is built to convert crypto by enabling users to seamlessly buy and sell crypto. MoonPay has global coverage that supports customers in over 160 countries while also supporting over 80 cryptocurrencies, over 30 fiat currencies, and over 250 partner integrations. MoonPay uses the highest standards of global regulatory compliance and licensing. MoonPay provides extensive fiat support by accepting all major payment methods, including Visa, Mastercard, Apple Pay, Google Pay, SEPA, Faster Payments, Wire Transfers, Open Banking and ACH. This variety will be a significant enhancement for BitGift®.

We expect to complete MoonPay’s system integration into the backend of BitGift’s platform within the coming weeks or sooner. This integration will allow BitGift® to provide a complete set of Onramp and Offramp services for its users, while also continuing to provide a trusted and secure platform for buying, selling, sending, and receiving a BitGift®.

MONI is in final negotiations to acquire 100% of a company through non-dilutive measures. The company is generating strong revenues and has audited financials. This acquisition will trigger a change in control with new management. More details will be provided upon closure of the acquisition soon.

About Moon Equity Holdings Corp.

Moon Equity Holdings Corp. was initially created with the focus on acquiring companies in Fintech. MONI recently acquired the BitGift® platform, which is focused on Crypto, Blockchain Technology and DeFi (Decentralized Finance). Our goal is to offer our services and products globally to capture total market share and increase our company stock value for our Shareholders.

Safe Harbor Statement

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission.

Forward-Looking Statements

This press release may contain forward-looking statements, including information about management's view of Moon Equity Holdings Corps. future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Moon Equity Holdings Corps subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on future results of Moon Equity Holdings Corp. The forward-looking statements included in this press release are made only as of the date hereof. Moon Equity Holdings Corp. cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Moon Equity Holdings Corp. undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Moon Equity Holdings Corp.

Contact us at:
Info@moonequityholdings.com

FAQ

What is the partnership agreement between BitGift® and MoonPay?

The partnership enables BitGift® users to utilize Visa Debit Cards and access Onramp and Offramp services for buying and selling crypto.

How does the MoonPay integration benefit BitGift® users?

Users will be able to sell crypto, convert it to cash, and transfer funds to their bank accounts, enhancing the overall user experience.

What is the current valuation of MoonPay?

MoonPay is valued at $3.4 billion, following a $555 million Series A funding round completed in November 2021.

Is Moon Equity Holdings Corp. acquiring any company?

Yes, MONI is in final negotiations to acquire 100% of a profitable company with audited financials.

What are the expected impacts of the MoonPay partnership on BitGift®?

The partnership is expected to enhance user functionalities and streamline cryptocurrency transactions on BitGift®.