Magic Eden, a Non-fungible token (NFT) marketplace, has partnered with Web3 payment platform MoonPay to offer new payment options for buying digital collectibles. This strategic partnership allows Magic Eden users to purchase NFTs across chains using a credit or debit card, Apple Pay and Google Pay. The goal of this partnership is to make the process of onboarding new users easier and more accessible. MoonPay CEO Ivan Soto-Wright said, “We are thrilled to partner with Magic Eden to make it easier for users to purchase digital collectibles. We believe that this partnership will help to drive the growth of the NFT market and make it more accessible to everyone.” With this new payment option, Magic Eden is making it easier for users to join the NFT market and purchase digital collectibles.
MoonPay and Magic Eden have partnered to make Non-Fungible Tokens (NFTs) more accessible to everyone. Through this collaboration, users of the Magic Eden platform will be able to purchase NFTs with their credit cards via MoonPay. This will enable individuals to own and control their digital assets, making it easier for them to participate in the NFT market. Additionally, MoonPay recently teamed up with NFT marketplace LooksRare to allow users to buy and sell cryptocurrencies through the platform, further increasing accessibility to NFTs. This partnership between MoonPay and Magic Eden is a major step forward in making NFTs more accessible to the public.
MoonPay raised $555 million in November 2021 to continue building strategic partnerships. In December, the company cleared a regulatory hurdle by registering with the U.K.’s Financial Conduct Authority (FCA), ensuring compliance with local money laundering rules. This investment and regulatory approval will help MoonPay expand its services and provide customers with a secure and reliable way to buy and sell cryptocurrencies. With this new funding, MoonPay is well-positioned to become a leader in the cryptocurrency payments space.
