Dominic Kimani
LooksRare, a community-based marketplace for the digital asset and non-fungible tokens, has signed a multiyear partnership deal with payment firm MoonPay to allow users to purchase NFTs with credit cards.
In a February 9 blog post, LooksRare NFT marketplace confirmed partnering with the global fintech firm, MoonPay, to allow traders to purchase cryptocurrencies and non-fungible tokens on the market platform easily.
— LooksRare (@LooksRare) February 9, 2023
MoonPay Goes Live On LookRare
Established in 2019, MoonPay is a global financial technology company that builds payments infrastructure for crypto. It’s renowned for offering a fast and simple way to buy and sell crypto. The fintech firm is available in more than 160 counties around the world.
Under the new integration, the LooksRare marketplace will leverage MoonPay infrastructure to let its customers purchase NFTs using a debit or credit card without necessarily purchasing crypto tokens first.
According to the announcement, the new partnership will allow customers from both companies to purchase LOOKS, the marketplace native token using a debit or credit card. While commenting about the new partnership, Oliver Jeffcott, the senior business development manager at MoonPay, remarked:
“With the upcoming NFT Checkout integration, LooksRare users will be able to easily purchase an NFT using a debit or credit card, sidestepping the need to first acquire cryptocurrency. This simplifies the purchasing process and opens up the marketplace to a wider customer base.”
MoonPay Metaverse And NFT Ventures
In recent months, MoonPay has been inventing strategies that may attract massive users to onboard the nascent metaverse sector. In June 2022, the company joined hands with Mastercard to allow customers to purchase NFTs directly with a credit card.
Moreover, the global payment firm has signed several other partnerships with notable crypto firms, such as BitPay, Uniswap, TRLab NFTs, and the Brazilian football club Flamengo, among many others.
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This article was written for Business 2 Community by Dominic Kimani.
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