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Broad popular acceptance of NFTs is lagging behind the surging markets because of the complex methods of payment, usually including the use of cryptocurrencies. The Circle NFT solution, however, simplifies that process by allowing for credit card use. The “seamless” experience makes it easier for people to get into the NFT game, encouraging greater engagement, platform expansion and new support for creators via the “marriage of traditional payment rails and leading digital dollar stablecoin USD Coin (USDC).”
“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,” said Circle Co-Founder and CEO Jeremy Allaire in the release. “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.”
