"MoonPay has launched a new product called MoonPay Deposits, in hopes of making wallet-to-wallet crypto transfers easier by automatically handling swaps, bridging, and cross-chain routing behind the scenes. The company said the service allows users to fund applications with crypto from an existing wallet, regardless of which token or blockchain they hold. Instead of manually ensuring the correct asset and network are selected, users can send supported crypto and receive the final balance in their chosen asset."
""Users shouldn't have to buy new assets or navigate complex steps just to fund an account," said CEO and co-founder Ivan Soto-Wright, adding that the product simplifies transfers by letting people use the crypto they already own. The service is designed to reduce friction for users entering the TON ecosystem, which previously required holding assets on the TON blockchain before funding a TON Wallet account."
MoonPay launched MoonPay Deposits to simplify wallet-to-wallet crypto transfers by automatically handling swaps, bridging, and cross-chain routing. The service enables users to fund applications from any existing wallet, regardless of token or blockchain, by sending supported crypto and receiving final balances in chosen assets. MoonPay Deposits is integrated into the self-custodial TON Wallet within Wallet in Telegram’s dual-wallet setup, allowing users to move funds into the Telegram-based ecosystem. The flow accepts assets from external networks and automatically converts them into TON or other supported tokens while operating entirely on MoonPay infrastructure integrated with partner environments.
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