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I am not sure if the relationship to merchants will be enough here. MoonPay has relationships to 250+ wallets - this is where lucrative on and off ramp is happe

by ck_one 5y ago

I am not sure if the relationship to merchants will be enough here. MoonPay has relationships to 250+ wallets - this is where lucrative on and off ramp is happening.

NicoJuicy 5y ago
Under 5 million revenue / year for Moonpay. That's 20 k. / Wallet integration. Let's not get carried away here, that's peanuts. Even BitPay, that runs since 2011 only has 23 million revenue/year
- ck_one 5y ago
  I doubt that revenue per wallet is a uniform distribution. At the end there will only be a few wallets left. If you sign them now you will get all their business. Phantom has already announced to use MoonPay. OpenSea, the biggest NFT marketplace, also uses MoonPay.
  - NicoJuicy 5y ago
    I'm not saying it's uniform, as always you only need a couple of integrations. And the ones you missed out, you're probably never going to receive a payment from them either way.
    - ck_one 5y ago
      Thinking about it again, I think MoonPays biggest asset is their stored KYC data. Customers don't want to go through KYC twice so if they have several options they will go with MoonPay again. I think KYC will play a big part in crypto soon.
      - NicoJuicy 5y ago
        That's just weird. There is no proven method to monetize solely transaction data. Moonpay doesn't know anything out of the ordinary about their customers. BitPay would have a better advantage then Moonpay ( 10 years of data and a higher volume) It's only good for detecting fraud, even if they would have lots of data ( which they don't seem to have)
        ck_one 5y ago
        I guess they will monetise their KYC data. Eventually you will need KYC data to accept a payment from a customer. The customer obviously doesn't want to enter it again and again. So some company will build a KYC layer - this might be MoonPay.
        NicoJuicy 5y ago
        You are forgetting the entire premise of crypto. Anonymous payments with only a wallet id. I'd suppose many people don't want to share their info and the most bought item is gift cards.

by ck_one 5y ago

I am not sure if the relationship to merchants will be enough here. MoonPay has relationships to 250+ wallets - this is where lucrative on and off ramp is happening.

NicoJuicy 5y ago

Under 5 million revenue / year for Moonpay. That's 20 k. / Wallet integration. Let's not get carried away here, that's peanuts. Even BitPay, that runs since 2011 only has 23 million revenue/year

ck_one 5y ago
I doubt that revenue per wallet is a uniform distribution. At the end there will only be a few wallets left. If you sign them now you will get all their business. Phantom has already announced to use MoonPay. OpenSea, the biggest NFT marketplace, also uses MoonPay.
- NicoJuicy 5y ago
  I'm not saying it's uniform, as always you only need a couple of integrations. And the ones you missed out, you're probably never going to receive a payment from them either way.
  - ck_one 5y ago
    Thinking about it again, I think MoonPays biggest asset is their stored KYC data. Customers don't want to go through KYC twice so if they have several options they will go with MoonPay again. I think KYC will play a big part in crypto soon.
    - NicoJuicy 5y ago
      That's just weird. There is no proven method to monetize solely transaction data. Moonpay doesn't know anything out of the ordinary about their customers. BitPay would have a better advantage then Moonpay ( 10 years of data and a higher volume) It's only good for detecting fraud, even if they would have lots of data ( which they don't seem to have)
      - ck_one 5y ago
        I guess they will monetise their KYC data. Eventually you will need KYC data to accept a payment from a customer. The customer obviously doesn't want to enter it again and again. So some company will build a KYC layer - this might be MoonPay.
        NicoJuicy 5y ago
        You are forgetting the entire premise of crypto. Anonymous payments with only a wallet id. I'd suppose many people don't want to share their info and the most bought item is gift cards.