MoonPay Hires Time President to Lead Its Enterprise Business

Amongst the latest movers in the crypto space, is a start-up known as MoonPay. The company, which was recently recognized by CNBC as one of this year’s Disruptor 50, is a non-custodial crypto startup that is planning to offer an online wallet for cryptocurrencies. However, its pitch to investors hasn’t been very good. It’s also unclear how the firm plans to go about trading cryptocurrencies.

Keith Grossman will lead MoonPay’s enterprise division

Earlier this year Keith Grossman, former president of TIME, left to join MoonPay, a crypto payments infrastructure firm. He was not alone, as MoonPay’s $555 million Series A round was led by notable execs like Gal Gatter, Asht Kutcher, and Justin Bieber. Now in its nth iteration, MoonPay has garnered the attention of major brands including Fox Corporation, Universal Pictures, and Snoop Dogg’s Death Row Records. As of this writing, MoonPay is in 150 countries and has attracted a whopping 60 celebrity investors.

As of late, MoonPay’s user base has hit 10 million, a number that should grow exponentially. With a user base this size, the company can afford to offer users a premium experience, something akin to a crypto wallet.

MoonPay’s business model is non-custodial

Founded by Ivan Soto-Wright and Victor Faramond, MoonPay is a fintech startup that provides a platform for cryptocurrency users to conduct transactions. It is based in Miami, Florida. It has a team of over 130 people working on it. MoonPay also offers a concierge service for the wealthy. It supports a variety of digital assets including bitcoin, ether, and NFTs. It charges users a fee for processing fees and payment services.

MoonPay’s first round of funding was $555 million in all-equity Series A round led by Coatue and Tiger Global. Other investors include Paradigm, Thrive Capital, and Blossom Capital. Its current investors include A-list celebrities such as Eva Longoria, Jason Derulo, Justin Bieber, and Kate Hudson.

MoonPay’s collaborations with celebs

Several celebrities are using MoonPay’s concierge service to buy NFTs. While this is a new venture for the company, its presence is already felt in the celebrity NFT world.

MoonPay has recently added another high profile celebrity to its roster: Snoop Dogg. Snoop is a pop sensation who invests in various crypto projects and games. He also works with MoonPay on other projects.

MoonPay is currently offering a beta NFT concierge service. The company is also working on a project with a major athletic brand. It has plans to expand its global presence.

MoonPay’s recent collaborations with celebs have included the rapper Post Malone. The rapper has purchased NFTs with the help of MoonPay’s concierge service. MoonPay has also been featured in Post Malone’s “One Right Now” music video. The music video has been viewed 24 million times on YouTube.

MoonPay’s pitch to investors hasn’t been kind to crypto trading

Founded in 2010, MoonPay is a crypto payments infrastructure firm. It has an easy-to-use web interface and supports over 80 cryptocurrencies. It offers an on-ramp to fiat currency and digital assets, and processes payments in three to four business days. The company has over five million users and operates in more than 150 countries. It is backed by celebrities such as Justin Bieber, Gwyneth Paltrow, Ashton Kutcher, and Bruce Willis.

MoonPay has been dubbed the “PayPal of cryptocurrencies”. It offers a simple way to buy and sell dozens of popular cryptocurrencies with a credit card, debit card, or PayPal. It also supports Apple Pay, SEPA, Google Pay, and Samsung Pay.

MoonPay ranks No. 44 on this yr’s CNBC Disruptor 50 checklist

Founded in 2009, MoonPay is a financial technology company that builds payment infrastructure for crypto assets. Its service is available in over 160 countries and has 10 million customers. It offers a wide variety of services, including crypto delivery and fraud prevention.

MoonPay has partnered with a host of celebrities to help promote its platform, including Ashton Kutcher and Gwyneth Paltrow. The company has also added 60 celebrity investors to its roster in the last month.

The company has made some serious headway in the crypto space, most notably in its ability to provide a simple and secure way to buy digital assets. The company offers a variety of payment methods, including the aforementioned bitcoin and ether, as well as Apple Pay, Samsung Pay, and Google Pay. It also provides comprehensive KYC services.

Keith Grossman will continue to lead TimePieces

During his tenure as TIME president, Keith Grossman was a leading voice in the crypto and blockchain space. He was the founder and president of Time’s NFT business, and the company’s profit from the initiative topped $10 million.

After stepping down as TIME’s president, Grossman joined MoonPay, a crypto payments infrastructure firm. The company has received a $555 million Series A funding round and has partnered with The Weeknd, Asht Kutcher, and Justin Bieber.

Keith Grossman began his media career at WIRED and returned to the company as an advertising director in 2008. He joined the company’s NFT business in 2013. After a stint at Bloomberg, he was named a senior advisor to a buyout fund. He led a medical device venture investing effort and participated in large acquisitions.