Circle, a leading global financial technology firm, and Dapper Labs, creators of CryptoKitties and company known for building accessible sports, entertainment and consumer experiences on blockchain technology, today announced a partnership that will enable fans to buy and sell digital collectibles using credit and debit card payments that settle in USD Coin (USDC), the fastest-growing, fully-reserved and regulated digital dollar stablecoin.
To date, buying and selling virtual goods and digital collectibles on blockchains has relied on cryptocurrency payments. With today’s announcement, Dapper Labs’ Flow apps will add traditional payment options with broader mainstream appeal, removing friction and accelerating adoption. The move also provides the firm with the business benefits of game proceeds in USDC digital dollars, including global payments that settle rapidly, which are irreversible, highly secure, and redeemable 1:1 for US dollars from banks in more than 80 countries.
“We’re proud to work with Circle in building an amazing payments experience for all our customers on Flow, starting with NBA Top Shot,” said Roham Gharegozlou, CEO and co-founder of Dapper Labs, “Circle’s payment technology combined with the performance of our new network, Flow, means any developer can build crypto-enabled applications without sacrificing user experience.”
“Dapper is a true pioneer in media and entertainment seizing decentralized blockchain technologies to provide consumers with experiences never before possible,” said Jeremy Allaire, CEO and co-founder of Circle. “We are proud to be part of the story, enabling Dapper customers to fully participate in unique and highly engaging digital game economies with familiar methods of sending and receiving payments, while also getting the benefits of digital currency.”