JAKARTA – The digital art of NFT is booming even though the crypto market has experienced a significant decline in recent weeks. Simultaneously, the NFT marketplace on the Cardano network, JPG Store, recently announced that its platform will accept purchases of NFT with fiat currency.
It is part of JPG Store's collaboration with payment platform MoonPay. With this integration, users will be able to buy Cardano's main token, ADA, using a number of payments such as debit cards, GooglePay and ApplePay.
That way investors will be able to buy NFT digital art on the Cardano network using fiat and other payment options. This is intended to provide convenience to investors in conducting NFT digital art transactions.
For your information, JPG Store is the largest NFT marketplace in the Cardano network. Even so, the ease of transactions using MoonPay can only be used for users in certain areas for users in the United States.
In addition, to use MoonPay services, users need Know Your Customer (KYC) procedures. Service users are also expected to use a debit card to take advantage of the service.
Following the launch of the Cardano smart-contract in September 2021, the Cardano network has managed to attract the attention of most of the popular NFT developers from the NFT digital arts industry. That way, Cardano currently has the potential to rival Ethereum and Solana's capabilities in terms of utility and development of NFT projects.
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