Hassan Maishera
TL;DR
-
MoonPay has added Discover Network as a supported payment option for U.S. crypto transactions.
-
Discover becomes the third major U.S. card network supported by MoonPay after Visa and Mastercard.
-
Eligible Discover cardholders can buy and sell crypto through MoonPay, subject to their issuing bank's policies.
Cryptocurrency payments company MoonPay has expanded its payment ecosystem by adding support for the Discover Network, giving eligible U.S. customers another way to buy and sell digital assets.
The integration makes Discover the third major U.S. card network available on MoonPay, joining Visa and Mastercard, as the company continues to simplify access to cryptocurrencies through familiar payment methods.
Discover Joins MoonPay's Growing Payment Ecosystem
With the latest addition, eligible payment cards operating on the Discover Network can now be used for cryptocurrency transactions through MoonPay.
However, the company noted that card availability still depends on the policies of individual issuing banks, which ultimately decide whether their cards can be used for crypto-related purchases.
MoonPay said the integration is intended to reduce friction during checkout and make digital asset purchases more accessible to consumers.
Richard Harrison, MoonPay's Vice President of Banking and Payments Partnerships, said the company's strategy is centered on supporting the payment methods consumers already use every day.
According to Harrison, every additional payment option removes another obstacle that could prevent customers from completing cryptocurrency purchases.
Beyond major card networks, MoonPay currently supports a wide range of payment methods, including Visa, Mastercard, Discover Network, Apple Pay, Google Pay, PayPal, Venmo, bank transfers, and regional payment rails.
The broad selection aims to improve accessibility for both retail customers and enterprise clients worldwide.
Discover Expands Its Presence in the Crypto Industry
Compared with Visa and Mastercard, Discover has maintained a relatively limited presence in the cryptocurrency sector.
While Discover cards have previously been accepted on certain crypto platforms such as CEX.IO and services connected to BitPay, MoonPay's latest announcement specifically involves direct support for the Discover Network's payment infrastructure that processes transactions between merchants and cardholders.
The partnership broadens Discover's exposure to the growing digital asset economy without altering issuing banks' authority over whether individual cards can be used for crypto purchases.
The integration follows major changes within Discover's corporate ownership. Last year, Capital One Financial completed its $35 billion acquisition of Discover Financial Services, after first announcing the transaction in early 2024.
More recently, Capital One also finalized its acquisition of fintech company Brex, a deal valued at $5.15 billion, further expanding its presence in digital payments and stablecoin-related financial services.
MoonPay Continues to Grow Beyond Consumer Payments
Founded in 2019, MoonPay has evolved into one of the cryptocurrency industry's largest payment infrastructure providers.
The company says it now serves more than 30 million customers globally, and over 500 enterprise clients across the crypto and fintech sectors.
Its platform enables users to move funds between traditional fiat currencies and digital assets while offering payment solutions for businesses integrating cryptocurrency services.
MoonPay has also expanded beyond traditional payment processing by investing in AI-driven blockchain infrastructure.
Earlier this year, the company introduced MoonPay Agents, a non-custodial platform designed to enable autonomous AI agents to create cryptocurrency wallets and execute blockchain transactions independently.
The initiative reflects the growing convergence of artificial intelligence and digital asset payments as developers build software capable of conducting financial transactions without direct human intervention.
By adding Discover Network to its growing list of supported payment methods, MoonPay is further lowering barriers for U.S. consumers entering the cryptocurrency market.
