The world is an era of non-fungible tokens, or NFTs as they are fondly called. Many people consider NFTs to be the new frontier of income-generating, particularly in the art world. The word “non-fungible” refers to the fact that there is no substitute for the object. When it comes to NFTs, blockchain technology is utilized to prove a piece of digital art’s originality and ownership before it is sold on a marketplace. Also, every sale of this work is recorded on the blockchain, giving an unchangeable digital provenance.
NFTs are extending art possession to the public, which has hitherto only been available to the affluent. Furthermore, They’re also enticing to the younger generation, who are more likely to value digital services. Art has always had a subjective value, independent of its shape. Instead of being evaluated by a limited team of specialists, it is now assessed by the common person. This allows artists to profit from creations like parodies that are freely posted on the internet and social media platforms.
Despite the fame of NFTs, several newbies are discouraged by the complex process involved in getting into the system. The most difficult part for most users has been paying for these digital assets. Prior to now, users would have to first purchase a cryptocurrency if they wanted to buy an NFT. The process was cumbersome and exhausting. In addition to the long verification, these users are discouraged by the costs associated with performing double transitions. As a result, there have been calls for a platform that allows for a straightforward method of payment where users can simply use their cards to pay for digital goods such as NFTs.
The Moonpay solution
MoonPay has been providing high-quality services to its consumers as a crypto payment infrastructure provider. Furthermore, the platform has made digital payments easy and efficient for its users. As a result, each user can purchase crypto and digital assets with a card, Apple Pay, or even open banking using MoonPa The platform is the only NFT checkout that accepts cards for NFT payments. Since its inception in 2019, the company has processed transactions over 90 cryptocurrencies and has roughly 7 million users.
The platform assures its users of safe and secure transactions. MoonPay conducts Know-Your-Customer (KYC) checks to verify a customer’s identity, collaborating with businesses all around the world to ensure local standards are met. MoonPay ensures its users enjoy a trustworthy environment and provides good response in case of any mishap during a transaction.
A one-of-a-kind experience
Moonpay’s plug-and-play NFT Checkout is the only service on the market that lets NFT platform users buy NFTs directly with debit/credit cards. When compared to traditional crypto checkouts, it converts 300 percent more users. It’s the most convenient way to purchase and sell NFTs.
Moonpay classifies NFTs as “digital goods,” and as a result, its card approval rates are several times higher than standard crypto on-ramps. Furthermore, Moonpay supports Visa, Mastercard, Apple Pay, Google Pay, Samsung Pay, SEPA, Faster Payments, Wire Transfers, Open Banking & ACH.
Moonpay has strong NFT ambitions and has announced several fundraising campaigns to boost its system. In addition, the platform is used for those seeking a more convenient mode of payment for their NFTs.