Uplift DAO, a fast-growing cross-chain cryptocurrency launchpad that seeks to promote Web3 adoption and investing via crowdfunded support for projects in the ecosystem, has teamed up with MoonPay in a partnership aimed at making it easy for people to tap traditional payment methods when investing in Web3.
The two platforms announced the integration on Tuesday, stating in a press release shared with Invezz that their collaboration is set to break down a major barrier for investors looking to dive into the Web3 space.
Irina Berezina, Growth Lead at Uplift noted:
“At Uplift DAO one of our core missions is to lower the barrier of entry to Web3 investment opportunities, whilst simultaneously raising the standard of usability for our users. By integrating MoonPay onto our platform, this is a key step towards web3 scalability not only for us as an IDO launchpad but for the future of web3 investing.”
A simple on-ramp for users
The web3 and cryptocurrency investment space has grown tremendously over the past few years, with the maturing industry attracting more investors even as the market navigates the latest crypto winter. But despite the growth seen across the entire ecosystem, still many people find Web3 and using of crypto incredibly complex.
Among other hindrances to crypto investing has been the high entry barriers that keep both retail and institutional investors out. MoonPay and Uplift want to change that and see this new partnership as the gateway that the industry needs.
The partners will offer a simple on-ramp that users can tap into to buy and sell cryptocurrencies via popular traditional fiat payment methods.
Seamless access to supported payment methods such as credit/debit cards, bank transfers, Google Pay and Apple Pay will offer more people an opportunity to enter the crypto and Web3 space, the two firms noted in the press release.
Commenting on the partnership and what it brings to the ecosystem, Oliver Jeffcott, a senior business manager at MoonPay, said:
“Our industry needs capital to continue to evolve. Our partnership with Uplift will make it even simpler for people to get involved in financing projects they believe in and reap the benefits of the growth of web3.”
The partnership opens up over 100 virtual assets and numerous early-stage initial DEX offerings, or IDO projects on the Uplift launchpad. Anyone can participate with just $100 and be part of Web3 early investors.
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