MoonPay has announced a partnership with Magic Eden. The partnership allows Magic Eden users to purchase NFT using debit cards, credit cards, Apple Pay and Google Pay, among other options.
Moonpay and Magic Eden Partnership
Magic Eden is a cross-chain NFT platform that offers Solana, Ethereum, and Polygon NFT.
NFT marketplaces are partnering with MoonPay to accelerate the onboarding process for native non-crypto users.
Bree Blazak, Vice President of Global Sales at MoonPay, highlighted her company’s key role in the mass uptake of web3: “At MoonPay, our mission is to get everyone on board with web3, and our partnership with Magic Eden is an important step towards this goal.
“Cryptocurrencies are changing the way we connect to humans and preserve highbrow assets. At MoonPay we are committed to removing boundaries on the web3 so that greater people around the world can get right of entry to this generation,” stated Blazak.
Enabling NFT purchases with credit cards and digital wallets eliminates the complicated process of setting up and verifying a cryptocurrency wallet.
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It also makes it easier for non-native cryptocurrency users to process payments, with just a few clicks taking them through familiar online shopping routines.
MoonPay claims to have already processed transactions worth more than $3.5 billion in 160 countries. Magic Eden, meanwhile, has more than 16,000 NFT collections on its platform and has already processed a whopping $2.6 billion, according to a press release issued Monday.
Zhuoxun Yin, COO of Magic Eden, commented, “At Magic Eden, we are proud to participate in the NFT revolution, showcasing the wide range of use cases ranging from gaming and collectibles to ticketing and beyond. Our goal is to make NFTs available to everyone, enabling individuals to own and control their digital assets. And now, with our partnership with MoonPay, we are even more excited to lower the barriers of entry to the exciting world of Web3, democratizing access to these transformative technologies.”
Moonpay and Web3
The announcement comes on the heels of MoonPay’s partnership with NFT marketplace LooksRare.
Last year, the company also partnered with OpenSea, the largest NFT marketplace in terms of daily active users, to enable NFT purchases with credit cards.
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