Sei Network Welcomes MoonPay for Seamless Crypto Transactions

• MoonPay’s integration with Sei Network simplifies crypto purchases, supporting multiple payment methods like Apple Pay and PayPal.
• Sei Network’s v2 upgrade boosted daily transactions to 5 million and increased total value locked by 229%.

Officially integrating with Sei Network, MoonPay has streamlined crypto transactions for users. Using debit or credit cards, Apple Pay, Google Pay, PayPal, and bank transfers, users may easily top up their wallets using this interface.

For people who might find conventional crypto buying options difficult, specifically, this represents a major step forward in streamlining access to cryptocurrency.

MoonPay is now live on Sei!

With @moonpay, accessing crypto just got easier. Users can seamlessly top up their wallets using payment methods like debit/credit cards, Apple Pay, Google Pay, bank transfers, and PayPal.

Explore a new way to access Sei's ecosystem with MoonPay! pic.twitter.com/mSWU6cMVVz

— Sei (@SeiNetwork) October 16, 2024

Sei Network: Expanding Access to DeFi Ecosystem with Fiat Payment Integration 

Because of its scalability and user-friendly ecosystem, Sei Network is a Layer 1 blockchain well-known in decentralized finance (DeFi). MoonPay’s services provide even more accessibility by letting Sei users buy digital assets without needing in-depth knowledge of cryptocurrency.

Leveraging the ease of fiat payment options, the alliance helps users engage more effectively with Sei’s ecosystem. Many people find that using well-known services like Apple Pay and Google Pay that involve interacting with Sei’s DeFi ecosystem becomes a more approachable experience.

Moreover, MoonPay’s availability on several wallets and exchanges gives Sei Network a wider reach. MoonPay is a reliable gateway for crypto transactions, and this integration could draw more people to the Sei ecosystem. This is about changing users interactions with decentralized platforms, not only about simplicity of usage.

Along with conventional payment options, the integration offers bank transfers, therefore providing users with freedom and security in their transaction management.

On the other hand, transaction fees on Sei Network have grown increasingly competitive. CNF had reported that during the past few months, Sei’s transaction costs dropped over 25%, improving the network’s cost-efficiency.

Indicating the network’s increasing worth, the Sei v2 update raised daily transactions to 5 million and raised the total value locked (TVL) by an astounding 229%. Sei’s partnership with Particle Network for the EVM-Cosmos Co-Testnet also emphasizes its cross-chain ambitions, as we previously noted.

Particle Network’s Universal Accounts and Universal Gas highlight the transforming power of chain abstraction since they let transactions across several blockchains utilize any currency for gas fees.

Meanwhile, with a 1.99% growth over the last 24 hours, Sei’s native token, SEI, is swapped hands about $0.4394 right now. The token daily trading volume is about $137.48 million.