{"id":22497,"date":"2022-11-07T13:00:07","date_gmt":"2022-11-07T13:00:07","guid":{"rendered":"https:\/\/bitcoinprbuzz.com\/?p=22497"},"modified":"2023-08-29T15:55:07","modified_gmt":"2023-08-29T14:55:07","slug":"xoxno-the-leading-nft-marketplace-on-multiversx-announces-support-for-fiat-payments","status":"publish","type":"post","link":"https:\/\/wire.bitcoinprbuzz.com\/xoxno-the-leading-nft-marketplace-on-multiversx-announces-support-for-fiat-payments\/","title":{"rendered":"XOXNO the Leading NFT Marketplace on MultiversX Announces Support for Fiat Payments"},"content":{"rendered":"

Press Release:<\/b> Users of the XOXNO all-in-one NFT marketplace can now buy and sell NFTs with EUR or Romanian RON through any Visa or Mastercard.\u00a0<\/span><\/i><\/p>\n

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7th November 2022, Bucharest, Romania<\/b> \u2014 <\/span>XOXNO<\/span><\/a> has announced the integration of fiat payments to its all-in-one NFT marketplace, with support for EUR and the Romanian RON. The MultiversX-based NFT marketplace was launched in early 2022 and is currently registering a monthly trading volume in excess of $1 Million USD.<\/span><\/p>\n

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XOXNO Launches Fiat Payments\u00a0<\/b><\/h3>\n

With a thriving <\/span>NFT marketplace<\/span><\/a> already established on the back of EGLD token payments, XOXNO is expanding to facilitate the use of fiat payments for all users. The integration will allow users to buy and sell NFTs using both EUR and the Romanian RON with any Visa or Mastercard.\u00a0<\/span><\/p>\n

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But the support doesn\u2019t stop at just buying and selling – users of the all-in-one NFT marketplace will also be able to mint new NFT assets with these two fiat currencies. The integration is a huge step forward in increasing the use of NFTs for mainstream enthusiasts and was made possible by XOXNO partner Twispay, the leading payment processor in Romania.\u00a0<\/span><\/p>\n

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What is XOXNO?<\/b><\/h3>\n

XOXNO<\/span><\/a> is the largest NFT marketplace and aggregator on MultiversX, previously known as Elrond. MultiversX is the first blockchain protocol to combine all three (state, network, transaction) sharding aspects in an adaptive architecture that maintains the highest level of scalability and security. For this reason, XOXNO chose to build its all-in-one NFT marketplace on MultiversX’s advanced, scalable blockchain architecture.\u00a0<\/span><\/p>\n

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The XOXNO Marketplace<\/b><\/h3>\n

XOXNO\u2019s innovative marketplace offers a huge variation of tools for both users and creators, allowing them to achieve what was never possible before. As the leading NFT marketplace on MultiversX, all major tokens on MultiversX are also supported as a payment method.\u00a0<\/span><\/p>\n

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Built into the marketplace is an automatic mechanism for distributing royalties on each NFT sale back to the creators. What makes this even sweeter for sellers, is that XOXNO has among the smallest fees for all NFT sales, capped at 1%.\u00a0<\/span><\/p>\n

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Although it has only been in the NFT space for less than a year, the <\/span>XOXNO<\/span><\/a> NFT marketplace already boasts a current monthly trading volume exceeding $1 Million USD. With all of the upcoming improvements to the platform, XOXNO is well-positioned for further growth in 2023.\u00a0<\/span><\/p>\n

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Advanced Features<\/b><\/h3>\n

The new support for EUR and RON with Visa and Mastercard is just the latest feature, building on an already impressive platform. This now means that thousands of new users can be onboarded from across the globe, and finally have access to NFTs, via more traditional Fiat methods of payment.\u00a0<\/span><\/p>\n

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The additional supporting features added, build on a foundation of an already impressive set. These include:<\/span><\/p>\n

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