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MoonPay establishes global fiat on-ramp to Polygon, the first-ever in the U.S.

MoonPay will now enable the purchase of Polygon’s MATIC assets with fiat currency globally, making it the first-ever fiat on-ramp to the Polygon network for U.S. users.

19 Jul 2021by Geoffrey Lyons

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We’re thrilled to announce that we now support the purchase of MATIC assets, which are used to maintain the Polygon network. By supporting this offering globally, MoonPay will be the first-ever U.S. fiat onramp to the Polygon ecosystem.

Polygon is  an Ethereum-compatible protocol that was created to sidestep some of Ethereum’s most glaring issues, including low throughput and high gas fees. It’s seen as an improvement over the original Ethereum protocol because it provides cheaper, faster, and more secure payment transactions while still leveraging Ethereum’s ecosystem.

A picture describing the benefits of the Polygon network.
Polygon is seen by many as a solution to some of Ethereum’s shortcomings (Image source)

“Our support for Polygon creates a whole new way of providing accessibility to the MATIC tokens for millions of users,” said MoonPay CEO Ivan Soto-Wright. “And we’re thrilled to have enabled this access in the U.S. for the first time ever.”

Where to buy MATIC

With Polygon support, you can now purchase MATIC ETH, MATIC USDC and native MATIC with fiat currency, effectively breaking down the barriers to entry for MATIC users on all payment methods from digital wallets to traditional credit and debit cards. You will also be given access to NFT marketplaces and decentralised apps (DApps) on the Polygon ecosystem.

Polygon is one of the fastest growing blockchain ecosystems. We couldn’t be more excited for what’s to come!