According to a Tweet by the company Moonpay, Opensea users will soon be able to pay with credit cards even if they don’t have any crypto assets. Moonpay explained Friday that you can sail the Opensea using your card. The firm stated that NFTs will soon be available to purchase with Visa, Mastercards, Apple Pays, Google Pays, and other payment methods.
Opensea users must use crypto assets such Ethereum (ETH) in order to purchase NFTs from the marketplace platform. Opensea users will be able to choose from a variety of payment options with the Moonpay integration.
Moonpay has helped celebrities to buy NFT assets such as Bored Ape Yacht Club collectibles. helped Wiz Khalifa, an American rapper, acquire Bored Ape #1506 while Madonna, the Queen of Pop, purchased Bored Ape #4988 from the company for $564K.
Moonpay raised $555 Million in its first financing round, which was led by Tiger Global as well as Coatue at the end of November. Moonpay’s total valuation has risen to $3.4 billion after the capital injection by investors. Moonpay stated at that time that the capital would help with expansion.
Opensea , the world’s largest NFT marketplace, announced it would support the blockchain network Solana. This news comes after a slew of speculations and leaked images which had indicated that Opensea would soon offer Phantom wallet and SOL support.
Opensea has been the largest NFT marketplace and project in terms of total sales, with $23.5 billion in annual volume since its inception. Opensea is closely followed by Lookrare ($18.16billion), but Looksrare has a recorded sales volume of contested due to alleged wash trading. Chainalysis recently published a report on NFT washing trading.
Since its inception, Opensea has hosted 1,417,562 traders. The platform supports three different blockchain networks, including Polygon, Klaytn and Ethereum. Opensea will now support the fourth and most recent SOL blockchains.
Moonpay didn’t disclose the date when credit card support would be available on Friday. Moonpay’s announcement is in line with the partnership of Coinbase and Mastercard, as both companies aim to make NFTs more accessible to all. According to the announcement, shoppers leveraging the upcoming Coinbase NFT Marketplace will be able to use Mastercard-supporting credit and debit cards.