Sorare Adds Support for Fiat Payments to Fuel Growth
Web3 fantasy-sports company Sorare is expanding its user base by introducing support for fiat payments. Previously, users had to pay in ether (ETH), which was seen as a barrier to entry. Sorare is a blockchain-based game where users can buy and trade non-fungible tokens (NFTs) representing sports players. The platform is licensed by major sports leagues such as MLB, NBA, Premier League, La Liga, and Bundesliga. By adding support for the U.S. dollar, euro, and British pound, Sorare aims to attract new users and simplify the payment process.
Main Breakdowns:
- Sorare now supports fiat payments, eliminating the need to pay in ether.
- The move aims to attract new users and remove a barrier to entry.
- The platform is licensed by major sports leagues.
- The introduction of fiat support may help dissociate Sorare from the negative perception of cryptocurrency.
- The trading cards on Sorare are still NFTs recorded on the blockchain.
Hot Take:
By allowing fiat payments, Sorare is making its fantasy sports game more accessible and user-friendly. This move may help the platform gain wider adoption and potentially drive the overall acceptance of digital assets and decentralized technology. Additionally, by dissociating from cryptocurrency, Sorare is positioning itself as a mainstream platform that appeals to a broader audience of sports enthusiasts.
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