MoonPay, a crypto payments company, secured a crucial $160 million in combined loans from Galaxy Digital and Ripple to sustain the surging demand and purchases of President Donald Trump’s official Solana meme coin, TRUMP, during the weekend of its launch. 

The trio’s collaboration, which was detailed by the MoonPay President Keith Grossman on the ”When Shift Happens” podcast, required MoonPay CEO Ivan Soto-Wright to “sign away his life” and the company to “promise” it had no liens on its reserve funds. 

“The volumes were just gigantic,” Grossman said, “All of the liquidity that we use to sort of wire the crypto was locked in BlackRock accounts in a traditional finance sort of manner… and it’s Saturday.”

The crypto funds it did have handy were being used up rapidly thanks to the Trump meme coin team’s direction that users could use mobile meme coin trading app, Moonshot, for which MoonPay is the exclusive crypto payments provider.

Moonshot simplifies the meme coin buying process, allowing users to sign up with an email address, and allowing them to fund their accounts with credit or debit cards. The app eschews the complexities that crypto novices may face wi

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Author: Logan Hitchcock