Global fintech Circle announced on Monday the launch of its new comprehensive payments solution for non-fungible token (NFT) marketplaces and storefronts. According to Circle, the solution enables marketplaces and storefronts to accept credit cards and crypto payments.
“Circle’s NFT solution simplifies buying and selling by enabling platforms to accept credit card payments alongside crypto, all with a seamless user experience. This makes NFT transactions easier by encouraging greater engagement, platform expansion and support for creators worldwide through the marriage of traditional payment rails and leading digital dollar stablecoin USD Coin (USDC).”
Circle also revealed that with its payments and treasury infrastructure, NFT marketplaces and storefronts can create a seamless user experience for buyers and sellers alike:
- Build upon Circle’s Payments, Payouts, and Digital Dollar Accounts APIs to process transactions and use the Circle Account to maintain a scalable treasury infrastructure on the backend
- Choose to offer traditional and crypto payment options, or abstract crypto entirely from the user
Jeremy Allaire, Circle Co-Founder and CEO, went on to add:
“This is not only an important and valuable trend for marketplaces and creators, it represents incredible demand from customers – for collectibles, artwork, moments, and really anything that can be tokenized on the blockchain. Circle looks forward to supporting the industry – creators, platforms, marketplaces, storefronts and customers – with our solution for enabling a user-friendly, mainstream payments experience with the power of crypto connectivity and USDC.”
Founded in 2013, Circle enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications worldwide