Hedera HBAR now supported in the US

We’re thrilled to share that Hedera (HBAR) is now available for Moonpay customers in the US!

Hedera is a third generation proof-of-stake public distributed ledger based on the hashgraph algorithm, with 10,000 transactions per second, near real-time settlement, and low fees and bandwidth consumption. The Hedera network is the most used, sustainable enterprise-grade public networks for the decentralized economy.

Now global users can purchase its native token HBAR, which is used to power the network’s decentralized applications and, like other proof-of-stake currencies, to reach consensus on transactions. 

“We’re proud of this expansion of MoonPay's support of the Hedera ecosystem,” said Shayne Higdon, CEO and Executive Director of the HBAR Foundation. “Now it will be easier for customers in the US to buy and sell HBAR, removing much of the friction that was there previously. This is an important step toward the HBAR Foundation's goal of wider acceptance of the Hedera network as the platform choice for developers.”

The Hedera public network is governed by global institutions and designed to be completely decentralized. Launched in 2018, it has processed over 1.75 billion transactions generated by real-world applications and has over 410k accounts. Built around a core pillar of environmental sustainability, the Hedera network has achieved carbon neutrality and is committed to carbon negative network operations.

“We started MoonPay to make buying and selling cryptocurrencies easier,” said Ivan Soto-Wright, co-founder and CEO of MoonPay. “The Hedera network is seeing increasing adoption throughout the world and we are excited that our partnership will bring availability of its HBAR token to additional US customers.”

Due to regulatory reasons, HBAR purchases are available in every US state except Hawaii, New York, Rhode Island, and the US Virgin Islands.

You can buy HBAR now through MoonPay.