As per the recent update, the users on trinity wallet who are keen on purchasing IOTA directly from the wallet, are presently allowed to do so by using IOTA’s integration with MoonPay, “a FIAT/IOTA onramp that enables purchasing directly from the wallet.”
Trinity users can now buy #IOTA directly from the wallet through #MoonPay! Learn about this integration and how you can easily purchase IOTA Tokens: https://t.co/mCVwGjEwWl@MoonPayHQ #Trinity pic.twitter.com/26u8EiGaIt
— IOTA (@iotatoken) December 18, 2019
At the moment, the users can buy IOTA tokens utilizing a credit or a debit card for a fee of 4.5 percent above €100 with a minimum charge of €4.99. Even though it is a bit expensive for some users, the convenience of buying IOTA with a debit or a credit card exceeds the card processing charges.
Sometime in the future, users can also have the option to link their bank accounts to buy with GBP/EUR for small fees. Moreover, no KYC is needed for purchases under €150, and IOTA does not need any data from MoonPay for the KYC procedure.
Besides, IOTA considers this to be a significant step to improve growth and development in the IOTA environment. In this way, this new improvement provides IOTA clients FIAT/IOTA onramp makes it special.
Last July, The IOTA Foundation declared the release of the Trinity wallet on all major desktop and mobile platforms. Trinity holds two standards for its users, such as security and user-friendliness. Currently, with over 1.8 billion dollars worth of IOTA is transacted and more than 160,000 downloads over all platforms, Trinity has become a huge achievement.
Additionally, this makes a flawless client experience for purchasing the digital token IOTA. Moreover, MoonPay, in particular, is not a specialized trading platform; it will allow users who are non-traders to explore and buy IOTA Tokens at their convenience, without the requirement of going through crypto exchanges. Besides, this is a major step in expanding the usage of the Trinity wallet.
Currently, MoonPay is accessible to users from Europe and Asia and may be available for US members in the future. This may be a restriction to MoonPay, yet they are working hard to get IOTA approved for US residents shortly.