MagicEden cooperates with Web3 payment platform MoonPay to provide credit card and other payment methods
It is reported that MagicEden in the NFT market has reached a strategic partnership with MoonPay, the Web3 payment platform, to provide new payment options for purchasing digital collections. Through this cooperation, MagicEden users can use credit card or debit card, Apple Pay and Google Pay to purchase NFT across the chain. （CoinDesk）
Interpretation of this information:
The NFT market is continuously growing as more and more people get interested in buying and owning digital collections. However, with the lack of convenient payment options, some potential users are discouraged from participating in the market.
To address this issue, MagicEden has partnered with MoonPay, a well-known Web3 payment platform, to offer new payment options for purchasing NFT. This strategic partnership aims to provide a seamless user experience and expand the customer base of both companies.
MagicEden users can now use credit or debit cards, as well as mobile payment options like Apple Pay and Google Pay, to buy NFT across various blockchains. This development is significant because it promotes accessibility and convenience, which increases the likelihood of more individuals joining the NFT market.
Through its integration with MoonPay, MagicEden can now offer a fast and straightforward checkout process. MoonPay’s user-friendly interface enables users to complete transactions quickly, as it integrates with various wallets and blockchain networks. This service is beneficial for MagicEden’s customers, as they can avoid the complicated and often confusing process of purchasing NFT.
The partnership between MagicEden and MoonPay is a promising development that further strengthens the NFT market. It highlights the importance of streamlined payment options that satisfy the unique requirements of the digital assets ecosystem. This move will surely attract new users to MagicEden’s platform, as it has made buying NFT more convenient and accessible.
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