MoonPay Partners With Element Wallet to Enhance User Access to CORE Token

MoonPay, the leading Web3 infrastructure company, is excited to announce a strategic partnership with Element Wallet, the flagship wallet of the leading Bitcoin DeFi (BTCfi) blockchain, Core. This collaboration enables users to purchase CORE tokens using a variety of major payment methods, including debit and credit cards, Apple Pay, Google Pay, PayPal, and bank transfers.

The news comes as Element Wallet reaffirms its long-standing support for CORE, now complemented by the addition of tokens such as stCORE and wCORE on their wallet. Earlier in October, MoonPay announced an integration with Venmo that enables U.S. users to fund transactions on the MoonPay platform using their Venmo balance or linked bank account, credit card, or debit card in Venmo. 

Core serves as the Proof of Stake layer for Bitcoin and is the first blockchain to enable self-custodial Bitcoin staking. Since its launch in April 2024, over 6,700 BTC has been staked on the platform, showcasing its robust ecosystem.

“Integrating with Element Wallet will create new opportunities for users to engage with the Bitcoin ecosystem, reducing friction and enhancing the overall user experience,” said MoonPay co-founder and CEO, Ivan Soto-Wright. “Self-custody is in MoonPay’s DNA, and we’re thrilled to help expand access to self-custodial Bitcoin staking through Core.”

Users can now purchase CORE through Element Wallet using a variety of major payment methods, including debit and credit cards, Apple Pay, Google Pay, PayPal, and bank transfers. Besides being available on Element Wallet, CORE is also now available directly on MoonPay. This integration significantly enhances the user experience and accessibility of CORE tokens within the growing BTCfi ecosystem.

“The addition of CORE to MoonPay, alongside its integration with Element Wallet, represents a pivotal step in our mission to drive further adoption and usability within the growing Core ecosystem and beyond,” stated Rich Rines, an initial contributor to Core. “Core will now become even more accessible through MoonPay’s popular and intuitive UX. The future of Bitcoin adoption will happen on Core.” This development with MoonPay and Element not only enhances the user experience but also aligns with Core’s mission to drive adoption within the growing BTCfi ecosystem.

Since its mainnet launch in January 2023, Core has achieved remarkable milestones, including 31 million unique addresses, over 300 million transactions, and more than $980 million in total value locked (TVL). Core has also demonstrated its commitment to driving institutional adoption of BTCfi through its powering the Valour Bitcoin Staking (BTC) SEK, the world’s first and only yield-bearing Bitcoin ETP.