The fin-tech company, MoonPay, has stepped up its Non-Fungible-Tokens (NFT) game yet again. The crypto unicorn is now allowing the purchase of digital art and collectibles in exchange for real money, according to the announcement made on their official web page.
The users of the on-and-off-ramp payment solutions will be able to utilize a new checkout tool. This checkout tool is supposedly built for brands, creators, and marketplaces that want to give their users access to NFTs. This is the first solution that enables the purchase of digital art and collectibles using debit and credit cards like Visa and Mastercard, in addition to payments made through Apple pay, Google Pay, Samsung Pay, Faster Payments, SEPA, open banking payments, Wire Transfers, and ACH transfers.
So far, anyone that wanted to buy an NFT had to first buy crypto. This meant that there had to be two transactions carried out and that the fees were twice as much. Now, this exemplary move has eased out the tedious process of extensive and lengthy verifications.
The checkout tool also backs the purchase of digital art and collectibles on any blockchain such as Solana, Polygon, Flow, Tezos, and Ethereum. The association of NFTs and their correlative blockchain is how the buyers and sellers bookmark the ownership. The Non-Fungible-Tokens will straight-up be sent to a buyer’s crypto wallet right after the purchase through a card on MoonPay.
Coinbase-Mastercard partnership,a head-start to revolutionize NFT purchase
The launch of the checkout tool comes shortly after the announcement of the partnership between Coinbase and Mastercard, on 18 January 2022, to make NFT payments through cards. The company emphasized its mission which is to increase economic freedom in the world. NFTs have a significant role to play in encouraging more people to join the creator economy.
The new tool is primitively used to simplify the experience of the user in buying digital art. This could also lead to an increase in the group of consumers to purchase these digital goods. Could this be the beginning of a new revolution in the NFT community?