Bitcoin startup moon raised $ 2.1 million to expand its partnerships and offer more types of ecommerce crypto payments.
Ken Kruger, CEO of Moon, told CoinDesk that the company will use the proceeds to develop a web and mobile application that will allow funding Moon cards with accounts from other exchanges (Moon currently only uses Coinbase), Expanding its geographic reach enables users to pay with stablecoins in addition to Bitcoin and to expand their team of seven to a team of 10 or 12 over the next few months.
The round included the participation of Fenbushi Capital, New Form Capital, SBX Capital, Manresa Ventures, Fulgur Ventures, Flight.VC, Bentaus, Block0, Charlie Lee and Bill Murphy, the former CTO of Blackstone.
“We’re looking for other exchanges looking for off-ramp payment options,” Kruger said. “Then we’re also looking for people who have stablecoins and payment tokens. So we’re working with Celo, we’re entering into a partnership with Zcash. “
Continue reading: Bitcoin Startup Moon brings the Lightning Network to all Visa ecommerce merchants
Moon would also like to make the product available to dealers outside of the United States
“The cards can only be used at US merchants as we collect such limited amount of personal information that there are limits to where the cards can be issued,” said Kruger, adding:
“There are certain things we could do, depending on the jurisdiction, to enable people in other countries to spend money in their own country. … We may need banking partners in certain regions, but we are talking to Visa to see if there is a way to avoid this. It is very important to understand the regulations in each region as well. “