PANews reported on November 14 that according to Cointelegraph, crypto infrastructure company MoonPay launched a new payment solution MoonPay Balance to improve self-custodial spending. This is a new payment tool that enables users to store and spend fiat currency balances on MoonPay and use it as an entry point to interact with DeFi.

According to an announcement, the new solution enables users to spend their balances through MoonPay’s direct integration with non-custodial or self-hosted wallets such as MetaMask, Phantom, and Bitcoin.com. MoonPay Balance will initially be available in most European countries except the UK and Germany.