MoonPay says it is aiming to bring the next billion people into the cryptocurrency ecosystem as it launches NFT Checkout.

The credit card, which works on all blockchains – including Ethereum, Flow, Solana and Polygon – aims to make the buying and selling of NFTs as easy as possible.

Anyone previously looking to purchase an NFT had to first buy cryptocurrency then exchange it for the NFT, which for many was a confusing, cumbersome and time-consuming process. 

NFT Checkout aims to solve this problem for brands, creators and marketplaces by allowing their users to buy NFTs via an easier verification process using debit/credit cards, Apple Pay, Samsung Pay, Google Pay, SEPA, Faster Payments, wire transfers, open banking and ACH.

MoonPay says it also takes regulatory and chargeback responsibility away from business customers, allowing them to go to market faster and with peace of mind.

“We’ve already radically simplified cryptocurrency transactions – NFTs were the obvious next step,” said MoonPay CEO Ivan Soto-Wright (pictured). 

“NFTs are revolutionising everything from art to intellectual property and how we send, receive, and store value. 

“They hold the potential to transform the way we build, strengthen and maintain powerful human connections—not for a centralized few behind walled gardens, but for anyone and everyone on the planet who is ready to become a part of this powerful movement. 

“Right now, the NFT market is limited to the hundreds of millions of people who own cryptocurrency. MoonPay’s NFT Checkout has just opened the door to billions more who own credit cards by making ownership both simple and fast.”

MoonPay, a bootstrapped and already profitable company, is set to announce a huge $555 million Series A financing round led by Tiger Global Management and Coatue with participation from Blossom Capital, Thrive Capital, Paradigm and NEA. 

The new funding values the company, which is active in more than 160 countries and is trusted by 250+ leading wallets, websites and applications, at $3.4 billion.