MoonPay buys Glide to bolster crypto deposits infrastructure

MoonPay has acquired Glide, a crypto infrastructure startup founded by former Robinhood Wallet engineers, through an all-equity deal. This strategic acquisition is designed to expand MoonPay's cross-chain crypto deposit infrastructure. By integrating Glide's technology, MoonPay aims to bolster its overall infrastructure and enhance its digital payment capabilities. This move is expected to potentially reshape the competitive landscape within the digital payments sector, focusing specifically on improving the efficiency of cryptocurrency deposit processes.