MoonPay debuts virtual Mastercard for AI agents
MoonPay launched the MoonAgents Card, a virtual Mastercard that converts stablecoins to fiat at checkout so AI agents can spend directly from on-chain wallets. It’s live in the U.K. and Latin America.
MoonPay announced on Friday the launch of the MoonAgents Card, a virtual Mastercard debit card that allows autonomous software agents to make purchases at any online merchant that accepts Mastercard. The card converts stablecoins to traditional currency at the point of sale so merchants receive fiat.
Transactions draw funds directly from the user’s on-chain wallet at checkout without transferring wallet custody to MoonPay or a third party and without requiring funds to be pre-loaded into a custodial account. MoonPay requires identity verification before issuing a card and allows users to revoke an agent’s spending access at any time.
MoonPay developed the card with Monavate, a regulated payments infrastructure provider, and Exodus, a self-custody wallet company. The company says the product enables software agents that already manage wallets and execute on-chain operations to pay merchants in fiat without a separate conversion step.
Ivan Soto-Wright, MoonPay founder and CEO, stated, “Agents are already managing wallets, executing trades, and moving value on-chain. The one thing they couldn’t do was spend at a merchant. Now they can.” JP Richardson, Exodus co-founder and CEO, added that the card extends self-custodial wallet infrastructure to agents and supports automated, high-frequency transactions.
MoonPay noted usage growth across its developer tools: its command-line interface has processed more than 4 million tool calls since launch, with the first million taking about 30 days and the second million about seven days. The MoonAgents Card is available now in the United Kingdom and Latin America, with rollouts to the United States and the European Union planned in the coming months.
The material on GNcrypto is intended solely for informational use and must not be regarded as financial advice. We make every effort to keep the content accurate and current, but we cannot warrant its precision, completeness, or reliability. GNcrypto does not take responsibility for any mistakes, omissions, or financial losses resulting from reliance on this information. Any actions you take based on this content are done at your own risk. Always conduct independent research and seek guidance from a qualified specialist. For further details, please review our Terms, Privacy Policy and Disclaimers.
Articles by this author
