MoonPay, a cryptocurrency fintech company, has launched a credit and debit checkout tool for NFTs

<p>MoonPay, a cryptocurrency infrastructure payments provider, is creating a checkout feature that provides customers with numerous cash payment alternatives that its NFT clients can offer users to purchase digital art and collectibles.</p> <p>NFT Checkout accepts debit and credit cards, Apple Pay, Samsung Pay, Google Pay, SEPA, Faster Payments, wire transfers, open banking payments, and ACH transfers as payment methods. Customers interested in purchasing NFTs would typically need to load bitcoin into a blockchain wallet before making a transaction.</p> <p>"Efforts to streamline the NFT purchasing process have been made, but they have not gone far enough." "It's our opinion that purchasing an NFT should be as straightforward as possible," Lead Writer Geoffrey Lyons stated in a MoonPay blog post on Thursday (Jan. 27).</p> <p>MoonPay's new solution is currently available, and the business believes it will treble sales for NFT vendors while also providing a smoother, faster checkout procedure. Big brands and NFT marketplaces are among MoonPay's clients.</p> <p>With MoonPay's plug-and-play offering, buying and selling NFTs no longer necessitates the purchase of cryptocurrency first. Card payments can be accepted by anyone who has an NFT collection. The new checkout tool accepts NFT payments on any blockchain, including Ethereum, Flow, Solana, Tezos, and Polygon.</p> <p>"At the moment, the amount of people with direct access to crypto (that is, those with wallets) is a minuscule fraction of the internet population," Lyons added.</p> <p>"By broadening the reach of NFTs to anybody who can pay with a card, we're not only substantially boosting NFT adoption: we're also opening up new income streams for companies, new royalty sources for artists, and extending the advantages of NFTs to a much broader brand ecosystem," Lyons continued.</p> <p>The checkout tool significantly simplifies the KYC procedure by allowing customers to skip the lengthy ID verification process for NFT purchases up to $7,500. Settlements are au