Concordium blockchain has teamed up with licensed virtual currency provider Wert to make trading easier and give NFT marketplaces in the Concordium ecosystem more value.
Wert is a payment solution for both non-custodial NFT marketplaces and DeFi apps that want a customer-friendly way to check out. The company is based in Tallinn, Estonia. It lets clients pay with debit and credit cards and interact with smart contracts. This is a great chance for web2 businesses that want to move easily into the web3 world.
Wert makes it easy to buy cryptocurrencies, NFTs, and other DeFi products in a way that is completely customizable. It does this by offering a top-up module that can be added to any web or mobile app, as well as APIs that set up a custom purchase flow for each user. This will happen in the middle or end of the first quarter of 2023 through an easy-to-use interface that doesn’t require deposits or fees.
Users will be able to spend on the Wert platform and immediately have those monies transferred to the NFT marketplace smart contract, calling the function to transfer the NFT to the user’s address. In addition, clients will be able to purchase utility token, submit specific data with each transaction, or request Wert to query a smart contract prior to the transaction.
The goal of the partnership between Wert and Concordium is to let anyone sell cryptocurrency on their website without sacrificing their autonomy. This is essential to the goals of the Concordium project, an ecosystem meant to strike a balance between privacy and accountability through the only proof-of-stake blockchain with a new self-sovereign ID framework.