Crypto payments firm MoonPay has introduced a new feature named Recurring Buys, designed to automate the process of purchasing cryptocurrencies at regular intervals.
This feature enables users to build their portfolios over time without the need for manual transactions.
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It can only be set up using the MoonPay balance as the payment method, ensuring that the currency purchased matches the currency of the user’s MoonPay balance account.
To utilise this feature, users must first fund their MoonPay Balance with their preferred payment method.
Users can select from over 140+ cryptocurrencies and schedule purchases at their preferred frequency.
Employing the dollar cost averaging (DCA) strategy, Recurring Buys allow users to invest a fixed amount in cryptocurrency at predetermined times.
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By GlobalDataThis approach is said to help investors build their portfolios while reducing the impact of market timing.
Users can customise their investment approach by setting multiple recurring buys across any tokens available on MoonPay and can adjust, pause, or cancel automated payments at any time.
Currently, the Recurring Buys feature is available to users in the European Union (EU) and UK, excluding Germany and the Netherlands, with plans to expand to other markets.
Earlier this month, MoonPay acquired Helio, a crypto payment processor on the Solana blockchain.
Helio’s technology, team, as well as ecosystem will transition to MoonPay as part of the deal.
