In January, MoonPay introduced NFT Checkout, an industry-first service that allows customers to purchase an NFT instantly with a debit or credit card.
“We’re now thrilled that OpenSea, the first peer-to-peer marketplace for crypto collectibles, is using NFT Checkout to give its users easier access to NFTs,” MoonPay says.
The world’s largest NFT marketplace, OpenSea, was recently valued at $13.3 billion following its Series C fundraising round. Users can buy, sell, trade, and mint a variety of NFTs, including digital art, collectibles, music, and trading cards, on the platform.
The integration, which will be phased in over time, allows OpenSea users to buy NFTs with a debit or credit card, removing the need to first acquire cryptocurrency. This streamlines the buying process while also expanding the market’s customer base.
Customers of OpenSea will be able to purchase NFTs with a credit card for the first time through MoonPay’s NFT Checkout.
Major credit cards, such as MasterCard, Visa, Apple Pay, and Google Pay, are accepted by collectors.
Ivan Soto-Wright, MoonPay’s co-founder and CEO, stated, “MoonPay’s mission is to unlock ownership and onboard the world to Web3.” “To be successful, we need to make the process as simple as possible.” For cryptocurrency, MoonPay has done the same. We’re now doing the same for NFTs in collaboration with Opensea.”
MoonPay aspires to make NFTs accessible to the general public. Their partnership with OpenSea is a big step in the right direction.