Magic Eden partners with Moonpay to add payment alternatives Magic Eden partners with Moonpay to add payment alternatives
The duo will develop a solution to allow Magic Eden users to purchase NFTs using their credit cards, Google Pay or Apple Pay.
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Updated: Feb. 15, 2023 at 1:35 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
NFT marketplace Magic Eden inked a partnership with Web3 payment platform MoonPay to add payment alternatives to its platform, according to Fintech Finance.
The new features will allow Magic Eden users to purchase NFTs using their credit cards, Google Pay, and Apple Pay, as reported by Fintech Finance.
Magic Eden COO Zhuoxun Yin explained the purpose of this initiative by stating:
“Our goal is to make NFTs accessible to everyone, enabling individuals to own and control their digital assets.
And now, with our partnership with MoonPay, weโre even more excited to lower the barriers to entry into the exciting world of Web3, democratizing access to these transformative technologies.โ
Magic Eden launched in September 2021 and currently hosts over 16,000 NFTs. Since its launch, the platform has facilitated over $2.6 billion in trades and supports Ethereum (ETH) and Solana (SOL) blockchains. On Feb. 14, the company let go of 22 employees as a part of “company-wide reconstructing.”
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Zeynep Geylan
Zeynep is an academic who turned to crypto in 2018. Originating in social sciences, she is especially interested in the social impact of blockchain and cryptocurrencies and strongly believes in their transmuting power.
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Ethereum
$3,328.69
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Solana
$249.596
Solana is a high-performance blockchain platform that utilizes a unique consensus algorithm called “Proof of History” to achieve fast transaction speeds and low fees.
Magic Eden
Magic Eden is a multi-Chain NFT marketplace, pushing boundaries on Solana, Ethereum, and Polygon and driving the next billion users to Web3.
MoonPay
MoonPay is a leading Web3 infrastructure company that offers a fast and simple way to buy and sell cryptocurrencies.