In recent years, the crypto space has seen a dramatic rise in the popularity of non-fungible tokens (NFTs). These digital assets, which are unique and cannot be exchanged for other tokens or currency, have taken the crypto world by storm, with their popularity soaring to unprecedented heights. From art to sports memorabilia, NFTs have become the dominant force in the world of crypto. As the market cap of the NFT industry witnesses exponential growth, many crypto firms have been partnering to expand the space for the last two years. Recently, Web3 protocol Xircus has announced a partnership with crypto onramp aggregator Magik Labs to boost NFT purchases using fiat.
Xircus Smoothes NFT Purchase With Magik Labs
The world of NFTs is an exciting and rapidly growing market, but for many potential buyers, the process of purchasing NFTs can be a bit of a hassle. From navigating confusing marketplaces to dealing with the technical challenges of buying and storing digital assets, there are many hurdles that can make buying NFTs a frustrating and time-consuming experience.
Various marketplaces and platforms necessitate distinct digital currencies, like Ether or stablecoins, which can be puzzling and tedious to handle. Moreover, acquiring the appropriate currency often entails utilizing multiple exchanges or wallets, setting up new accounts, validating one’s identity, and managing intricate trading interfaces can result in missed chances, wasted time, and heightened pressure. Hence, to accelerate the NFT purchase experience, the Web3 protocol has integrated with the onramp aggregator Magik Labs.
Kick Off Local And Receive Global Payments
Xircus has collaborated with Magik Labs to introduce an innovative payment gateway feature that simplifies the process of building Web3 dApps. This collaboration enables any NFT marketplace, prediction market, DeFi platform, or other types of Web3 dApp to effortlessly add a block to their platform. This block allows users to buy and sell in their own currency using their preferred local payment method without any hassle or confusion.
Xircus has made it easy for individuals to enter the world of cryptocurrency with a straightforward and uncomplicated buying process that dismantles the barriers to mass adoption. Furthermore, regardless of their location, Xircus supports users’ local payment methods and currencies. For instance, in Vietnam, they can use the widespread payment method “Viettel,” while in Europe, an instant SEPA bank transfer is available. In the US, users can utilize Cash App or choose to pay with Visa cards or Apple Pay. Xircus believes that everyone should have access to the numerous opportunities that the crypto world provides, and the company is committed to making that happen.
Users can leverage Xircus to establish their own NFT marketplace and retain complete control over it. Additionally, the platform’s cross-chain compatibility guarantees support for all EVM-compatible protocols. The project has already undergone live testing, and the marketplaces have been deployed, indicating its readiness to launch. Finally, the platform’s native utility token is the driving force behind its various immediate applications within the Xircus ecosystem.
On the other hand, Magik Labs serves as a global Fiat-Crypto Onramp Aggregator, aiding Web3 applications in accepting payments from all corners of the world and smoothly converting 25+ currencies to crypto with only ten lines of code. The company eliminates the need for Web3 applications to integrate with several onramps in varying geographies. Magik’s SDK combines onramp providers to expand payment method coverage and secure the best rates in more than 60 countries.
