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MoonPay Rolls Out a Service to Buy NFTs Using Payment Cards

ByLouis Adams

Jan 27, 2022
Reading time: < 1 minute

Crypto payment infrastructure provider MoonPay has recently announced it has launched a service for buying NFTs using payment cards without using cryptocurrencies, The Block reports.

The NFT Checkout feature is compatible with Visa, Mastercard, Apple Pay, Google Pay, Samsung Pay, SEPA, Faster Payments and bank transfers. MoonPay CEO Ivan Soto-Wright said:

“Currently, the space for non-fungible tokens is limited to digital asset owners. NFT Checkout will expand the market to billions of people by making it easier to access.”

Users will now be able to purchase NFTs issued on Ethereum, Flow, Solana and Polygon. The option applies to both primary and secondary sales. After the purchase, the service will send tokens to the client’s wallet.

The service fee will be 3.5% or $3.99 (based on the value of the token).

The cost of gas in the Ethereum network will have to be paid separately, in other cases, the service will bear these costs.

Coinbase has previously agreed with Mastercard on the possibility of buying NFTs using payment cards on the upcoming cryptocurrency exchange marketplace.