BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BUSINESS

Magic Eden NFT Marketplace now Allows Credit Card Payments through MoonPay Partnership

by BlockNews Team
February 15, 2023
in BUSINESS, DEFI, MEDIA, NFT
Reading Time: 3 mins read
A A
1
SHARES
11
VIEWS
Share on XShare in TelegramShare on Reddit
  • MoonPay, a web3 infrastructure company, has partnered with Magic Eden, one of the biggest NFT marketplaces, to make NFTs more accessible to non-crypto native users.
  • MoonPay will provide the NFT platform with multichain onboarding payment solutions so Magic Eden users can buy NFTs with credit cards and debit cards.

Magic Eden, one of the biggest NFT marketplaces, is teaming up with MoonPay, a web3 infrastructure firm, to help make NFTs more accessible through traditional payment solutions. The world of cryptocurrency can be challenging to navigate, with many users needing help accessing digital wallets and transferring funds between platforms. This issue has been a significant entry barrier for many interested in investing in cryptocurrencies or purchasing NFTs.

According to Bree Blazak, VP of global sales at MoonPay, “traditional payment options are a gateway for non-crypto native users to engage in the space.” By partnering with Magic Eden, MoonPay will provide the NFT platform with multichain onboarding payment solutions that allow users to buy NFTs with credit cards, debit cards, Apple Pay, Google Pay, and more.
This integration “expands the universe of people who can purchase these assets from the hundreds of millions who own cryptocurrencies to the many billions of people who have debit and credit cards,” Blazak said.

Navigating the Complex World of Web3

This move is significant for several reasons. Firstly, it will make buying and selling NFTs much easier for the average person. Users will only need to navigate complex crypto wallets or understand the ins and outs of digital asset transfers. Instead, they can purchase their existing credit or debit cards on Magic Eden’s platform. This is a game-changer for the world of NFTs, which has been criticized for being too complicated and inaccessible to most people.

Moreover, this move could significantly impact the broader adoption of cryptocurrencies as a whole. By making it easier for people to buy and sell digital assets, MoonPay and Magic Eden are helping to break down some barriers preventing the more widespread adoption of cryptocurrencies. As more people start using these payment solutions to purchase NFTs, they will likely become more comfortable with cryptocurrencies in general, paving the way for broader adoption in the future.

Expanding the NFT Universe

According to Zhuoxun Yin, COO and co-founder of Magic Eden, the platform is also working closely with brands, creators, and ecosystem builders to integrate tools that make it easier for users to navigate web3 and bring new use cases for NFTs that will attract new users to the space. This includes building out educational resources and content with partners to demystify the onboarding process and highlight areas of trust and safety for users to know about self-custody and making certain NFT purchasing decisions.

Overall, the partnership between MoonPay and Magic Eden is a positive development for the world of cryptocurrencies and NFTs. By making it easier for people to buy and sell digital assets, they are breaking down some barriers preventing the more widespread adoption of these technologies. Moreover, by working with brands, creators, and ecosystem builders to integrate educational resources and content, they are helping to demystify the onboarding process and make the world of web3 more accessible to everyone.

Tags: BusinessMagic EdenMoonPayNFT MarketplaceSolana
TweetShareShare
Previous Post

Coinbase CEO: Getting Rid of Crypto Staking Would be a ‘Terrible Path’ for the US

Next Post

Blockstream CEO Says Bitcoin Can Hit $10 Million Before 2032 but Will Need More Sidechains

DON'T MISS THESE! HOT OFF THE PRESS

Solana Pops Back Into the Spotlight, Eyes $200 and Beyond
CRYPTO

Solana Pops Back Into the Spotlight, Eyes $200 and Beyond

July 18, 2025
BNB Breaks $720, But Still Trails the Altcoin Pack
BINANCE BNB

BNB Breaks $720, But Still Trails the Altcoin Pack

July 18, 2025
Circle (CRCL) Rockets As House Pushes Forward on Crypto Legislation
BREAKING NEWS

Circle (CRCL) Rockets As House Pushes Forward on Crypto Legislation

July 16, 2025
Stellar (XLM) Breaks Out After Six Years—But Can It Keep Going?
CRYPTO

Stellar (XLM) Breaks Out After Six Years—But Can It Keep Going?

July 15, 2025
TRON Holds Steady at $0.30 as USDT Minting Hits Jaw-Dropping Highs
CRYPTO

TRON Holds Steady at $0.30 as USDT Minting Hits Jaw-Dropping Highs

July 15, 2025
AAVE Surges Past $330 Amid DeFi Boom: Here are the Bullish Technicals You Need to Watch
CRYPTO

AAVE Surges Past $330 Amid DeFi Boom: Here are the Bullish Technicals You Need to Watch

July 14, 2025
Load More

Related News

Litecoin Jumps 10%—Can a $100M Bet From a Biotech Company Kick Off a Bigger Rally?

Litecoin Jumps 10%—Can a $100M Bet From a Biotech Company Kick Off a Bigger Rally?

July 18, 2025
Here’s Why Dogecoin’s Jumping Again Today

Here’s Why Dogecoin’s Jumping Again Today

July 18, 2025
PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

July 18, 2025
Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve Finance FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.