Our Zero Data Hero Customer Spotlight series highlights the stories of VGS customers who have joined our Zero Data mission to protect the world’s information.
Q - Tell us about MoonPay?
Victor - The MoonPay journey started in Summer 2018 when my co-founder Ivan and I were feeling frustrated with poor user onboarding experiences into cryptocurrencies. To address this problem, we developed an out-of-the-box solution for cryptocurrency wallets and exchanges to facilitate the purchase of major cryptocurrencies with popular payment methods. MoonPay is now integrated with over 30 key players in the ecosystem and can service users in more than 40 countries.
Q - How did MoonPay approach the challenge of data security?
Victor - Data security is a key challenge for us as we have to deal with highly sensitive data, such as identity documents and credit card numbers.
We made the decision to leverage VGS’ infrastructure from day one to alias our sensitive data internally while keeping the flexibility to share this data with trusted third parties for identity verification, payments and fraud prevention purposes.
Q - What does Zero Data mean to you?
Victor - The Zero Data approach means ensuring peace of mind and safety for our company, our partners, and our end-users. Not storing sensitive data on our servers is a risk management best practice that also reduces our compliance scope.
Q - How has VGS helped MoonPay?
Victor - A number of our partners require a fully customizable onboarding flow for their end-users. The use of VGS Collect.js alongside our API has allowed us to give them more freedom to customize the look and feel of the integration.
Q - How do you see the relationship evolving over time?
Victor - We are looking forward to the release of the VGS mobile SDKs that will allow us to go even further with native integrations. We also plan to leverage VGS more and more as we expand into new geographies to make sure we remain within compliance of local regulations.
Q - How do you quantify the benefit of VGS?
Focusing on product development is key for startups. Thanks to VGS, we have been able to significantly cut time and money spent on becoming PCI compliant at a higher scope, which allowed us to release a solid product much faster.
Q - Any advice for other startups who are beginning their security and compliance journey?
Victor - Focus on your core objective, which is building your product and achieving product-market fit. Don’t reinvent the wheel in areas like compliance and security. We’re lucky to have experts providing us solutions, like VGS, so make sure to leverage those if needed.
Q - Who is your favorite superhero and why?
Victor - Superman. For me, he represents the idea that everyone can make a difference irrespective of where they come from. There is a lot to learn from Superman, especially for entrepreneurs. He always makes a strong impression and his suit is always clean, tidy and shiny. As an entrepreneur, I think giving careful consideration to UI/UX early in your startup journey can make a big impact in impressing your first customers, partners, and investors.
Q - How can people sign up with MoonPay?
Victor - If you are a developer and building a product that uses cryptocurrencies, drop us a line at email@example.com and we’ll be happy to help build a seamless crypto on-ramp for your users.
If you are generally curious and want to get your hands on some cryptocurrencies, you can try us out here: https://buy.moonpay.io.
MoonPay is the new standard for fiat to crypto. We are a marketplace between cryptocurrency exchanges and users facilitating instant non-custodial purchases of major cryptocurrencies. Our mission is to make cryptocurrencies accessible to everyone. Founded in 2018, MoonPay has partnered with over 30 leading cryptocurrency exchanges, wallets, and dApps to solve the fiat-to-crypto on-ramp challenge. We offer best-in-class developer tools, including a customizable widget and APIs, to enable companies to build seamless purchase experiences. MoonPay currently operates in over 40 countries and provides 24/7 customer support.