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NFT Marketplace Magic Eden Partners With MoonPay to Offer Credit Card Payments

MoonPay has a similar partnership in place with NFT marketplace LooksRare.

By Rosie Perper
AccessTimeIconFeb 14, 2023 at 1:15 a.m. UTC
Updated Mar 16, 2023 at 7:22 p.m. UTC
(Getty Images)

(Getty Images)

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Non-fungible token (NFT) marketplace Magic Eden has partnered with Web3 payment platform MoonPay to offer new payment options for buying digital collectibles.

According to a press release, Magic Eden users can purchase NFTs across chains using a credit or debit card, Apple Pay and Google Pay. The goal of the strategic partnership is to make the process of onboarding new users easier.

"Our goal is to make NFTs accessible to everyone, enabling individuals to own and control their digital assets," said Magic Eden chief operating officer Zhuoxun Yin.

Earlier this month, MoonPay teamed up with NFT marketplace LooksRare to allow users of the platform to buy and sell cryptocurrencies through MoonPay, enabling them to purchase NFTs via credit card.

The company raised $555 million in November 2021, which has allowed it to continue building strategic partnerships. MoonPay also cleared a regulatory hurdle in December, securing registration with the U.K.'s Financial Conduct Authority (FCA) to signify compliance with local money laundering rules.

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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Rosie Perper
Rosie Perper

Rosie Perper was the Deputy Managing Editor for Web3 and Learn, focusing on the metaverse, NFTs, DAOs and emerging technology like VR/AR. She has previously worked across breaking news, global finance, tech, culture and business. She holds a small amount of BTC and ETH and several NFTs. Subscribe to her weekly newsletter, The Airdrop.

Follow @rosieperper on Twitter

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