" class="no-js "lang="en-US"> MoonPay to Integrate Payment System into Magic Eden Marketplace and Launchpad - Fintech Finance
Tuesday, March 21, 2023
City Week 2023

MoonPay to Integrate Payment System into Magic Eden Marketplace and Launchpad

MoonPay, the world’s leading Web3 infrastructure company, and Magic Eden, the leading cross-chain NFT platform, have entered into a strategic partnership that will boost access to NFTs and digital assets globally.

MoonPay, which has processed more than $3.5 billion in transactions in over 160 countries, will provide multichain on-boarding solutions to allow Magic Eden’s users to purchase NFTs directly with credit cards, debit cards, Apple Pay, Google Pay, and more. This will significantly increase the ways that Magic Eden users can purchase NFTs on the marketplace.

The process of purchasing NFTs remains a significant obstacle for non-crypto native users due to the knowledge required to navigate wallet set-up and the cryptocurrency landscape. With this new partnership, Magic Eden and MoonPay are making it easier for anybody to own and trade digital assets.

“At MoonPay, our mission is to onboard the world to Web3, and our partnership with Magic Eden is an important step forward toward that goal,” said Bree Blazak, Vice President of Global Sales at MoonPay. “Digital assets are revolutionizing the way we build human connections and maintain ownership of intellectual property, and at MoonPay we are committed to removing obstacles in this space so that greater numbers of people around the world can access this technology.”

MoonPay’s integration with Magic Eden’s platform will provide a seamless purchasing experience where users can easily purchase NFTs with just a few clicks using payment rails that are familiar to users. As the go-to destination for NFTs, Magic Eden’s cross-chain marketplace houses over 16,000 NFT collections and has processed over US$2.6 billion in trades since it launched in September 2021. In 2022, Magic Eden expanded beyond Solana NFTs to support digital goods trading on Ethereum and Polygon. Its multi-chain expansion will allow the platform to work with the world’s leading creators, brands, and games developers to introduce more exciting, culturally significant NFT use cases to the market.

Zhuoxun Yin, Chief Operating Officer at Magic Eden, added: “At Magic Eden, we are proud to take part in the NFT revolution, showcasing the vast array of use cases ranging from gaming and collectibles, to ticketing and beyond. Our goal is to make NFTs accessible to everyone, enabling individuals to own and control their digital assets. And now, with our partnership with MoonPay, we’re even more excited to lower the barriers to entry into the exciting world of Web3, democratizing access to these transformative technologies.”

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