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Crypto payments company MoonPay looks to compete with Stripe with Iron stablecoin acquisition

CNBC
Summary
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71% Informative

MoonPay , a leading crypto payments company, has acquired Iron , an API-driven startup specializing in stablecoin infrastructure.

This marks MoonPay 's second major acquisition this year , following its $175 million purchase of Helio in January .

Stablecoins make it easier and cheaper to switch between currencies and to move money digitally.

MoonPay was last valued at $3.4 billion when it raised its last round of funding in 2021 .

VR Score

77

Informative language

80

Neutral language

37

Article tone

semi-formal

Language

English

Language complexity

58

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not offensive

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not hateful

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not detected

Time-value

short-lived

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