Magic Eden partners with Moonpay to add payment alternatives

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, we’re even more excited to lower the barriers to entry into the exciting world of Web3, democratizing access to these transformative technologies.”

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.”

Journalist at CryptoSlate

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.