NFTpay Adds Algorand to the List of Supported Blockchains May 31, 2023 May 31, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsMay 31, 2023 by Kelly Cromley

NFTpay Adds Algorand to the List of Supported Blockchains

NFTpay revealed the inclusion of the Algorand (ALGO) blockchain in its list of supported blockchains. NFTpay streamlines the process of accepting credit card payments for NFT projects on blockchains. Algorand has gained significant attention in the industry as it has emerged as the preferred platform for several notable crypto projects, including Folks Finance, AlgoFi, LimeWire, Pera Wallet, and Prismatic. According to Algorand, it is the most powerful and ecologically sustainable blockchain solution for institutional use worldwide. The NFTpay platform offers a streamlined NFT payment solution that simplifies the process of creating and launching projects on the Algorand network.

Algorand has gained the confidence of more than 2,000 enterprises that are striving to revolutionize various sectors worldwide. NFTpay is delighted to participate in the blockchain’s mission towards a sustainable and energy-efficient future through the integration with Algorand. Citadel is an adventure game that operates on blockchain technology, allowing users to utilize their NFTs as in-game characters. This game has been identified as one of the recent triumphs of NFTpay. In less than 27 minutes, the initiative garnered over $1.5 million by leveraging the Ethereum blockchain. NFT Oasis, a virtual reality platform that successfully sold over 30 penthouses in the Metaverse, experienced advantageous outcomes through its integration with NFTpay, much like its counterpart.

According to a spokesperson, the utilization of NFTpay can greatly enhance the outreach of your NFT initiative. Despite the increasing popularity and widespread acceptance of cryptocurrencies, a significant number of individuals are still unable to participate in the emerging economy due to their limited technical expertise. Therefore, the emergence of NFTpay comes into effect. Our platform offers a straightforward solution for NFT creators without cryptocurrency wallets to accept credit card payments from their audience. This facilitates the expansion of your initiative and enables you to reach out to an audience that may have been previously inaccessible.

NFTpay not only simplifies the process of buying and selling NFTs, but it also expedites it. The availability of fiat currency onramps, like Coinbase, hinders buyers from timely withdrawal of ETH for utilization with Metamask. The NFTpay solution has successfully streamlined the previously lengthy and complex nine-step process into a quick and efficient one-minute transaction, thereby fulfilling this requirement. The NFTpay infrastructure has the capacity to handle numerous transactions per second, enabling creators to promptly vend their collections.

Furthermore, NFTpay incorporates security features that provide customers with confidence in the safety of their transactions. All users have been verified and all legal requirements have been taken care of by NFTpay. NFT creators can depend on the payment solutions provided by the company, thereby enabling them to concentrate on cultivating a dynamic and flourishing community.
The NFTpay platform is consistently expanding its integrations and currently accommodates several leading blockchains, including Ethereum, Binance Smart Chain, Fantom, Avalanche, EOS, Polygon, Solana, and Cronos. At present, there are no charges for creators to use NFTpay. A nominal fee is levied on the purchaser to account for transaction expenses, however, the complete sale amount is still remitted to the NFT initiative.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.