Peer-to-peer payments company Circle has announced a payments solution for non-fungible token (NFT) marketplaces and vendors.
The goal of the service is to enable such platforms to accept credit card payments in addition to crypto, the firm announced Thursday.
According to the announcement, NFT marketplaces and vendors can now offer buyers the choice of transacting via traditional or crypto payments using Circle’s NFT solution by building on the firm’s Payments, Payouts, and Digital Dollar Accounts APIs.
The firm’s solution is designed to incentivize more NFT transactions as well as make the process more seamless for buyers.
“This is not only an important and valuable trend for marketplaces and creators, it represents incredible demand from consumers – for collectibles, artwork, moments, and really anything that can be tokenized on the blockchain,” said Circle co-founder and CEO Jeremy Allaire. “People are very much ready for digital collectibles, and Circle looks for
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