Telos today announced an integration with leading crypto payment solution MoonPay to make the TLOS token available for purchase with fiat currencies in 162 countries and 46 U.S. states. Users can now purchase TLOS with zero fees using Visa, Mastercard, Google Pay, Apple Pay, Samsung Pay, or U.K. and SEPA bank transfer.
“Now for the first time, almost anyone in the world can join the thriving TLOS ecosystem with just a card or mobile payment thanks to MoonPay,” said Douglas Horn, Telos chief architect. “Holding TLOS allows users to engage in the Telos ecosystem, including proposing and voting on Telos Amend governance updates and Telos Works funding proposals that support blockchain technology development and adoption on our platform. TLOS is also a gateway to using the many innovative dApps on Telos.”
As the system token of the Telos blockchain network, TLOS is used for acquiring resources for DApps, voting for block producers, worker proposals, and on-chain governance. With this integration, purchasers can buy TLOS in countries including India, Brazil, Nigeria, Russia, Mexico, and Japan; and all U.S. states with the exception of Connecticut, Hawaii, New York, and Rhode Island. Tokens built on the Telos platform will also be available for purchase with fiat through this integration.
Founded in 2018, MoonPay makes cryptocurrency more accessible by solving the fiat-to-crypto on-and-off-ramp problem. MoonPay connects payment providers, banks, and cryptocurrency exchanges to streamline the buying and selling of digital assets. MoonPay also offers developer tools that help blockchain companies build seamless purchasing interfaces. Globally, hundreds of thousands of people have used MoonPay to buy BTC, ETH, EOS, LTC and other top cryptocurrencies.
“At MoonPay, our mission is to make buying and selling crypto as seamless and intuitive as possible — helping trusted partners like TLOS build their communities faster,” said Ivan Soto-Wright, CEO at MoonPay.
