Moonpay launches in-wallet deposits and Telegram Wallet integration
Moonpay has launched Moonpay Deposits, a feature enabling native fiat-to-crypto deposits directly inside crypto wallets, and announced an integration with Telegram Wallet. The deposit product lets users top up wallets in local currencies using multiple payment methods without leaving the wallet app, aiming to reduce friction and improve conversion for on-ramps. The Telegram Wallet integration makes Moonpay’s fiat rails available to Telegram users and developers, expanding access to instant fiat deposits across Telegram’s crypto ecosystem. Moonpay emphasized compliance and local payment options in its rollout and positioned the move as part of broader efforts to embed regulated fiat on-ramps into the wallets and apps where users already interact. The launch targets increased user acquisition and smoother entry for retail crypto buyers while strengthening Moonpay’s distribution through partnerships with wallet providers and platforms like Telegram.
Bullish
Direct fiat on-ramps and wallet integrations typically reduce friction for new crypto buyers and increase on-chain activity, which can be positive for overall market demand. Moonpay Deposits removes steps between fiat and crypto holdings by enabling in-wallet top-ups and broadens distribution through Telegram — a large user base and developer ecosystem. Historically, easier fiat access (for example, integrations by major on-ramps or exchange listings) correlates with higher retail inflows and short-term positive price pressure for liquid assets like BTC and ETH. For traders, expect modest bullish sentiment: potential upticks in volume for mainstream tokens and higher retail activity in the short term. Long-term impact is supportive of sustained user growth and deeper retail adoption, which can underpin higher baseline demand. Risks that could temper impact include regulatory scrutiny of fiat-crypto rails, limits on supported jurisdictions or payment methods, and competitive responses from other on-ramp providers. Overall, the announcement is a constructive infrastructure upgrade likely to have a positive (bullish) effect, especially on retail flow-sensitive markets.