- MoonPay’s clients can use the tool to offer users ways to buy NFTs without using cryptocurrency.
- The move follows a recent announcement from Coinbase that its upcoming NFT platform will support card purchases.
MoonPay, the crypto unicorn fuelling NFT mania, is now offering a service that will allow punters to buy digital art and collectibles with cash.
MoonPay’s clients — which span big brands to NFT marketplaces — can now use a new checkout tool to give users the option of buying NFTs using debit and credit cards, as well as payments made through Apple Pay, Samsung Pay, Google Pay, SEPA, Faster Payments, wire transfers, open banking payments and ACH transfers.
Announced this morning, MoonPay’s launch comes shortly after Coinbase, the leading crypto exchange, signed a partnership with Mastercard that will allow users of its planned NFT marketplace to pay using cards.
Ordinarily, customers of platforms like OpenSea must load a blockchain wallet such as MetaMask with cryptocurrency to buy NFTs. MoonPay figures its new product, which is already live, could triple sales for NFT sellers while making the checkout process significantly faster.
“Right now, the NFT market is limited to the hundreds of millions of people who own cryptocurrency,” said MoonPay CEO Ivan Soto-Wright in a statement. “MoonPay’s NFT Checkout has just opened the door to billions more who own credit cards by making ownership both simple and fast.”
How it works
The new checkout tool supports NFT purchases across any blockchain, including Ethereum, Flow, Solana and Polygon. The link between NFTs and their corresponding blockchain is how buyers and sellers keep tabs on ownership. Once purchased with a card using MoonPay, NFTs will be sent directly to a customer’s crypto wallet.
theblockcrypto
