MoonPay partners with Mass to enable instant bank-to-DeFi transfers

Foresight News reported that crypto payment company MoonPay has established a partnership with the on-chain mobile application Mass. Through MoonPay virtual accounts, users can now transfer funds directly from their bank accounts to their wallets within seconds. By creating a virtual account in the Mass application, users can receive US or EU bank account information (ACH, wire transfer, or SEPA), which can be used to transfer funds from their bank accounts and supports withdrawals at any time.

MoonPay's virtual accounts are powered by Iron, which was acquired by MoonPay earlier this year. Iron's infrastructure enables real-time settlement and direct bank connectivity without holding user funds.