Few and Far partners with Onramper and Moonpay for seamless fiat-to-digital collectible purchasing
Leading NFT Marketplace Few and Far has launched a new feature that makes buying and selling digital collectibles easier without signing up for a cryptocurrency exchange through its new partnership and integration with Onramper, MoonPay, Transak, Coinify, and more. The project’s new fiat-to-digital collectible feature is embedded in all NFTs on their marketplace so that users can use credit cards or payment processors such as Google and Apple Pay to top up their wallets and acquire digital collectibles in a non-custodial manner.
The biggest challenge for brands and creators to offer digital collectibles to their communities is on-ramping. If you have crypto assets in your wallet, you can interact with various web3 products and buy NFTs on a marketplace by simply connecting your wallet — but what if you don’t have crypto in the first place? How do you top up your wallet?
The only way (and most logical) way to get crypto assets is by first signing up to a centralized crypto exchange like Coinbase. But first, you’ll have to verify your identity (which takes days or sometimes even weeks), and then you still have to transfer those assets to your non-custodial wallet. This creates a massive amount of friction for users and poses a large barrier to entry for a brand’s community to purchase a digital collectible — and the drop-off is quite significant.
Few and Far now offers a seamless solution for loyal fans who wish to purchase NFTs but don’t own any crypto — a fiat-to-digital collectible service. In that case, Onramper and MoonPay take care of KYC requirements, fraud, and compliance, allowing you to top up your wallet and purchase digital collectibles — no exchange-to-wallet transfer required.
When a user wants to buy an NFT on Few and Far’s marketplace, built on NEAR, a new widget asks you how much you want to spend in your fiat currency and converts it into crypto (more tokens launching soon!). You can select a digital collectible you wish to list, buy or sell and see how much you will receive once the trade is confirmed.
This creates a smoother experience for end-users as you don’t have to jump between multiple products or wait long periods. The Onramper and MoonPay integration with Few and Far also automatically detects your region to default to the payment processor optimized for the lowest fees based on your area.
After purchasing your digital collectible, your customer identity remains private from Few and Far, and you now have full ownership and control of your digital assets. This solution allows brands and creators to engage with customers with little-to-no friction.
Originally published at https://medium.com on May 25, 2023.
