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MoonPay and Aptos Labs Team up to Create a New Petra Wallet Fiat On-ramp

Umair Younas by Umair Younas
November 29, 2022 - 5:13 pm
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MoonPay and Apos Labs offer straightforward blockchain onboarding to bring billions of users into Web3. That implies users can now purchase APT with Apple Pay – no big deal. Aptos Labs’ Petra wallet now has an incredibly simple-to-use fiat on-ramp that allows trading currency inside the Aptos ecosystem a delight. The collaboration began earlier in the month when APT became accessible through MoonPay.

The Moonpay Fiat On-Ramp Integrated into Petra to Improve Web3 User Experience

Adding the MoonPay fiat on-ramp to Petra was the next step that made sense to try to improve the Web3 user experience. The fiat on-ramp makes it simple to join the Aptos network, whether fresh to Web3 or even an early adopter. Customers may purchase APT using every major credit card, including Mastercard, Visa, Google Pay, and Apple Pay.

With several hundred thousand customers between MoonPay and Petra, this has been one of the most impressive projects they have worked on to get people to use the network. They are thrilled to offer the most remarkable Web3 customer experiences on Aptos to MoonPay and Petra.

Aptos CEO Labs Intends to Facilitate Petra Users

MoonPay’s Vice President, Bree Blazak, said that the company’s goal is to get everyone on Web3. One way they hope to get more people to use it is by making the user experience more accessible. Incorporating with the expanding Aptos ecosystem, starting with the Petra wallet, seems to be another step toward achieving their goal, mainly as the blockchain grows and more people begin to use it.

Mo Shaikh, co-founder, and CEO of Aptos Labs, said it could be difficult, disappointing, and slow to use blockchain-based technology. Among the most significant things that keep people from using something widely is that it’s hard to use. Through their integration with MoonPay, they’re making it easy for Petra customers to move around the Aptos blockchain in a fun and smooth way.

This year, Aptos has emerged as one of the most talked-about initiatives in the cryptocurrency industry. Avery and  Mo Shaikh, who both previously worked on Meta’s Diem program, are the individuals who are credited with founding the company. The move is a programming language that is employed on the network. It is constructed on top of Rust, the language utilized on the Solana blockchain. Meta created the Move program specifically for Diem.

Tags: BlockchainCryptoEcosystemWeb3
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Umair Younas

Umair Younas

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

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