OpenSea Enabled NFT Purchases With Apple Pay, Credit Cards

OpenSea enabled NFT purchases with credit cards and Apple Pay which means users will no longer need crypto to purchase an NFT on the platform as we can see more today in our latest crypto news.

The buyers on OpenSea as one of the world’s leading marketplaces of NFTs can soon pay for these products with a credit card, Apple pay, or a debit card without having crypto. The move came through a partnership with MoonPay which is a fintech player that builds payment infrastrcuture in the crypto space. Moonpay is the company that worked with other celebrities to facilitate their bored ape NFT purchase and the move is likely aimed at bringing more mainstream buyers similar to the NBA Top Shot strategy. Now, OpenSea enabled NFT purchases with no need to own crypto.

The decision came during a busy time on OpenSea which has made a fair share of crypto headlines in the past few months. Last Month, OpenSea announced that It generated more than $5 billion in total trading volume between Ethereum and Polygon sales which broke the previous record that was set in August 2021.

The NFT marketplace confirmed that it will start listing SOL NFTs this month as well but it is not yet clear when in April OpenSea will start listing the NFTs the marketplace did tweet a teaser video that described the events as the best-kept secret In Web3. Solana surged after the news emerged and the NFT trading volume on Solana increased by over 80% at the end of march with the price of SOL also surging and marking a 24% increase in the past week.

However, it hasn’t been a smooth ride for OpenSea. Back in January, an exploit on the NFT marketplace saw a Bored Ape Yacht CLub selling for $1700 worth of ETH which is below the floor price at the time. The platform’s users reported that NFTs from Cool Cats and Doodle collections were stolen and the co-founder Devin Finzer even described the attack as a phishing attack:

“We don’t believe it’s connected to the OpenSea website. It appears 32 users thus far have signed a malicious payload from an attacker, and some of their NFTs were stolen.”

Last fall, the OpenSea employee personally profited from purchasing NFTs before they were featured on the front page of the site but Finzer said the incident was misframed as insider trading.