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Coop
@coopahtroopa.eth
Wild that it's 2023 and we don't have a clear solution on how someone with no wallet buys something onchain with a credit card.
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Joe Petrich 🟪
@jpetrich
It's possible on Courtyard.io. log in with email (powered by @privy) and then buy anything you see listed with a credit card (powered by withpaper.com).
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Coop
@coopahtroopa.eth
This is undoubtably the closest stack we've seen so far. One issue is that Paper only supports buying NFTs - not funding a wallet to actually make wider onchain actions outside of that one transaction (AFAIK). Without a doubt the right direction but still far from becoming the default way new users transact onchain.
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Joe Petrich 🟪
@jpetrich
Unfortunately it's not possible to build a good funding UX in the hostile US regulatory environment. I think the physically backed NFT path is actually a great gateway because users can sell their existing collections to crypto native users onchain, getting crypto in the process without having to onramp fiat directly.
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Coop
@coopahtroopa.eth
110% agree on the regulatory hurdle being the main issue. My concern is that NFTs are so tainted that forcing people to come onchain through that vector will lead to significant drop off. +1 on first action being buying/earning something that you can sell to stay onchain. Again though - how do you sell with no ETH?
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Joe Petrich 🟪
@jpetrich
So on Courtyard, we have a lot of users send in their card collections and then sell for either eth or usdc. We use gelato to sponsor gas so you don't need any to use our marketplace, but then after you sell something you have crypto you could transfer, spend or withdraw since it's non custodial
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