Dibbs, a blockchain-powered collectibles marketplace, announced Wednesday (June 15) it had integrated with Circle to let customers make payments using USD Coin.
Based in Los Angeles, Dibbs allows collectors to buy and sell fractions of physical collectibles in real time, minting collectibles as NFTs to give customers access.
“Since day one, we’ve aimed to make the most sought-after and valuable collectibles in the world more accessible for everyone. We are excited to build upon that by incorporating USDC,” Dibbs Founder and CEO Evan Vandenberg, said in a news release. “By accepting cryptocurrency as payment for the first time, we’re able to offer our collectors even more flexibility and convenience.”
Learn more: Dibbs Taps Socure for ‘Know Your Customer’ Platform, Identity Verification
In April, digital identity verification and fraud solution provider Socure announced it was working with Dibbs to provide a better onboarding experience.
Dibbs now uses Socure’s ID+ as its identity verification and fraud platform, allowing the company to “unlock, scale and speed up customer acquisition.” Dibbs has said it expects a 20% bump in first-time deposits from the integration, as new customers will be verified quickly.
“Modern collectors expect an intuitive onboarding process that’s fast, secure and convenient,” Vandenberg said. “With Socure, we gain the trust of our customers from the start and accelerate first deposits without opening ourselves up to fraud.”
See also: Mastercard Partners With NFT Marketplaces for ‘Easier and Safer’ Purchases
Last week, PYMNTS reported that Mastercard was working on enabling NFT commerce with a variety of companies, including Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway and Web3 infrastructure provider MoonPay.
This collaboration will let people purchase NFTs with their Mastercards, either via the companies’ marketplaces or using their crypto services.
The NFT marketplaces make up a large swathe of the NFT space, according to Mastercard, and generated more than $25 billion in sales in 2021 in categories such as art, sports, video games and collectibles. Mastercard has said the companies will help continue to expand its Web3 adoption.