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MoonPay launches virtual accounts in New York
Golden Finance reports that the crypto payment network MoonPay is now launching virtual account services in New York State, supported by Iron technology. Fintech companies, crypto platforms, new banks, brokerages, and financial institutions can now integrate compliant fiat-to-stablecoin infrastructure for businesses and end-users.
Virtual accounts enable platforms to issue dedicated named accounts to end-users, who can receive fiat funds through local and international payment channels (such as ACH, wire transfer, and SWIFT). The received funds are automatically converted into stablecoins and settled directly into the user’s non-custodial wallet.