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MoonPay Launches Virtual Accounts in New York
The crypto payment network MoonPay has launched a virtual account service in New York State, supported by technology from Iron. Fintech companies, crypto platforms, neobanks, 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 for end users, allowing them to receive fiat funds through local and international payment channels such as ACH, wire transfers, and SWIFT. The received funds are automatically converted to stablecoins and settled directly into the user’s non-custodial wallet.