According to the firm Moonpay, the non-fungible token (NFT) marketplace Opensea plans to accept credit card payments using the company’s payment infrastructure. The move follows Opensea gathering $23.5 billion in all-time sales volume, and the company’s recent Solana support announcement.
Moonpay reveals that Opensea users will soon be able to pay for NFTs with a credit card
Opensea visitors can soon pay with credit cards if they don’t own any crypto assets, according to a tweetMoonpay. “Sail the Opensea with your card,” Moonpay detailed on Friday. “Soon, you will be able to buy NFTs with Visa, Mastercard, Apple Pay, Google Pay, and more,” the firm added.
Opensea users must use crypto assets, such as Ethereum (ETH), to purchase NFTs via the Marketplace Platform. Opensea customers will now have access to a wide range of payment options, thanks to Moonpay’s integration.
Moonpay is helping stars to purchase NFT assets, such as Bored Ape Yacht Club collection items. The company helped the American rapper Wiz Khalifa acquire Bored Ape #1506 and the firm helped the ‘Queen of Pop’ Madonna purchase Bored Ape #4988 for $564K in ether.
At the end of November, Moonpay raised $555 million during the firm’s first finance round led by Tiger Global and Coatue. After the capital injection from investors, Moonpay’s overall valuation hit $3.4 billion. At the time, the company stated that capital would be used for expansion.
Opensea recently announced its support for Solana (the blockchain network) as the top NFT market. It follows many rumors, speculations and leaked photos that showed Opensea will soon support Phantom wallet and SOL.
Opensea is the top NFT project and marketplace in terms of all-time sales accruing $23.5 billion in volume since the market’s inception. Opensea’s sales volume is followed by the NFT marketplace Lookrare ($18.16 billion), but Looksrare’s recorded sales volume has been contested for alleged wash trading. Chainalysis recently published a research report that found NFT wash trading was a problem.
Opensea has seen 1,417,562 traders since the market’s inception, and the platform supports three blockchain networks which include Polygon, Klaytn, and Ethereum. The recently announced SOL addition will be Opensea’s fourth blockchain in terms of blockchain protocol support.
Moonpay had not yet disclosed when the credit card support was to be offered. Moonpay’s announcement follows the partnership between Coinbase and Mastercard as the two companies want to make NFTs accessible to everyone. According to the announcement, shoppers leveraging the upcoming Coinbase NFT Marketplace will be able to use Mastercard-supporting credit and debit cards.
What do you think about Opensea accepting credit cards, Apple Pay, and Google Pay via Moonpay’s payment infrastructure? Comment below and let us know how you feel about the subject.
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