On Thursday, the American-based crypto payment platform MoonPay launched an advanced checkout tool for nonfungible tokens (NFTs). Launching the new checkout tools aimed at enabling users to seamlessly purchase tokenized artworks, digital collectibles, and other items.
The latest development was created on the existing NFT checkout, which has no coding tools to allow users to buy NFT across multiple chains using their debit or credit cards.
MoonPay Reworks on Checkout Tools
With the changes in the crypto sector, the MoonPay team confessed that the improved checkout tools are aimed at enabling the user to purchase NFTs effortlessly. Earlier, buying the NFT in the MoonPay checkout platform was a bit lengthy and complex.
The lengthy process of purchasing NFT forced the payment company to integrate the Apple and Google payment options on the MoonPay platform. This integration allows users to interact with the various features on the payment platform while purcahsing the NFTs.
Additionally, the MoonPay team anticipates that the newly launched checkout platform will involve fewer procedures to allow the user to meet the know-you-customers (KYC) requirements.
The MoonPay team confirmed that the latest development will enable users to use their crypto wallet while purchasing digital assets on the checkout platform.
With the advanced MoonPay checkout feature, the procedure for purchasing digital assets is easy to understand and can be operated inexperienced users. In the report, the developers behind the newly launched MoonPay Checkout ensured the platform was compatible with 41 blockchain networks.
This development aimed at allowing the MoonPay team to mint multiple NFTs in a single transaction. Apart from launching the improved Checkout, the MoonPay team recently launched new features including custom visual themes and exclusive custom smart contracts to boost user experiences.
MoonPay Seek to Simplify the Process for Purchasing NFTs
This exciting developement positions MoonPay among fast paced firms seeking to reduce gas fees by leveraging emerging technologies. The payment company has encouraged the users to use the new Checkout feature by eliminating the chargebacks on every purchase on NFT.
The MoonPay Checkout feature mirrors the significant development of the leading OpenSea and Magic Eden to support the buying and selling of nonfungible tokens.
In a recent report, the Magic Eden team forecasted that the crypto sector will be dominated by multiple blockchain networks in the future. With the ever-evolving nature of the crypto industry, the Magic Eden team plans to launch a browser extension linked to the digital wallet that will support the NFT marketplace to connect to multiple blockchain networks.
A report from the chief executive of Magic, Eden Jack Lu, revealed that the crypto will be powered by multi-chain for NFTs in the coming day.
Future of NFTs
Elsewhere, the co-founder of MoonPay, Ivan Soto-Wright, revealed that the payment companies have been struggling to provide users with an exclusive experience while purchasing NFTs.
The gaps in the payment industry have inspired the MoonPay team to invest in upgrading the Checkout feature to allow users to purchase NFTs more effortlessly. The executive stated that the improvement of the MoonPay Checkout aimed at fast-tracking the NFT purchase process.
Lu added that the MoonPay team seeks to leverage the Web3 technologies to boost the user experiences.Beyond this, the upgrade on the Checkout feature aimed at improving the adoption of NFT and expanding the revenue streams for businesses and crypto investors.
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