Overview
Bitcoin startup Moon has secured $2.1 million in funding to enhance its crypto payment infrastructure for e-commerce platforms. The investment will fuel partnerships, geographic expansion, and new payment options—including stablecoins and multi-exchange integrations.
Key Developments
- Product Expansion: Transitioning from a web-only service to a mobile/web app, enabling broader exchange compatibility (beyond Coinbase).
- Global Reach: Targeting non-U.S. merchants and users, pending regulatory approvals and potential bank partnerships.
- Stablecoin Integration: Adding support for stablecoins (e.g., Celo, Zcash) alongside Bitcoin.
- Team Growth: Scaling from 7 to 10–12 employees within months.
Investor Highlights
The round included:
- Fenbushi Capital
- New Form Capital
- SBX Capital
- Charlie Lee (Litecoin creator)
- Bill Murphy (ex-CTO of Blackstone)
👉 Explore crypto payment innovations
Strategic Partnerships
Moon is collaborating with:
- Celo (for stablecoin payments)
- Zcash (privacy-focused transactions)
- Visa (to explore cross-border payment solutions)
CEO Ken Kruger noted:
"Our goal is to simplify crypto payments globally while navigating regional regulations. We’re evaluating jurisdictional requirements to serve international markets effectively."
FAQ
1. What services does Moon offer?
Moon enables crypto-to-fiat payments for e-commerce via Visa merchants, currently focused on U.S. users.
2. Which cryptocurrencies are supported?
Initially Bitcoin; expanding to stablecoins (e.g., Celo) and privacy tokens (e.g., Zcash).
3. Will Moon support non-U.S. merchants?
Yes, but this depends on local regulations and partnerships with financial institutions.
4. How does Moon ensure compliance?
By collecting minimal user data and working with Visa and regional banks to adhere to jurisdictional laws.
👉 Learn about crypto’s future in e-commerce
Keywords
- Crypto payments
- Bitcoin startup
- Stablecoin integration
- Moon funding
- E-commerce solutions
- Visa partnerships
- Global expansion
**Note**:
- Removed dates (2021/2023) and promotional links.