NEAR now available globally (2024)

2 minsPublished on 12/8/2021

MoonPay will now enable the purchase of NEAR with fiat currency globally

By Geoffrey Lyons

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Great news: NEAR is now available for purchase via MoonPay!

NEAR is a high-performance blockchain that is designed to be fast, secure, and infinitely scalable. Its vision is to create a network that enables people to re-imagine finance, creativity, and community in new and inclusive ways.

The blockchain is backed by top VCs such as A16Z, Pantera Capital, Electric Capital, Dragonfly Capital, Coinbase Ventures, Blockchain.com, and Baidu Ventures.

“By providing a direct on-ramp to NEAR, we’re giving more people exposure to this exciting and dynamic ecosystem,” said Ivan Soto-Wright, co-founder and CEO at MoonPay. “We’ll be watching eagerly as NEAR develops and new projects emerge as the community expands. We can’t wait to see what’s in store for it next.”

The future is NEAR

NEAR’s mission is to give people control of their data, money, and the tools of governance, which it achieves through Nightshade: a revolutionary Proof of Stake (PoS) blockchain that has limitless scalability through a process known as “sharding”.

By splitting the chain into “shards”, sharding allows multiple blocks to be verified at once, increasing the speed of NEAR while maintaining security.

The protocol is also carbon neutral, roughly 200,000 times more energy efficient than Proof of Work (PoW) alternatives. This gives it a significant advantage over competitors as the demand for environmentally-friendly blockchains intensifies.

NEAR’s ecosystem includes some of the most exciting projects in crypto, such as Mintbase, a platform that simplifies the process of minting NFTs, Aurora, a bridge for Ethereum that allows Dapps to take advantage of NEAR’s speed, security and low fees, and Ref Finance, one of the fastest growing DeFi platforms in crypto.

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About - MoonPay

The expanding ecosystem is fostered through a collection of decentralized guilds that assist projects with everything from developer talent and marketing to fundraising.

MoonPay is available to all global customers, excluding residents of Louisiana, Texas, New York, and Hawaii.

You can buy NEAR now through MoonPay.

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Written byGeoffrey Lyons

As an enthusiast deeply immersed in the world of blockchain technology and cryptocurrencies, it's exciting to share my expertise on the recent development involving MoonPay and NEAR. My comprehensive knowledge stems from a background of actively following blockchain innovations, participating in various crypto communities, and staying updated on the latest industry trends.

The article, written by Geoffrey Lyons on December 8, 2021, highlights the collaboration between MoonPay and NEAR, allowing users to purchase NEAR with fiat currency globally. MoonPay's involvement in facilitating direct on-ramps to cryptocurrencies underscores its importance in the crypto space, making it a key player in enabling broader access to digital assets.

Now, let's delve into the core concepts mentioned in the article:

1. NEAR Protocol:

   • NEAR is presented as a high-performance blockchain designed for speed, security, and scalability. The goal is to create a network that re-imagines finance, creativity, and community in inclusive ways.
   • NEAR is backed by prominent venture capital firms, including A16Z, Pantera Capital, Electric Capital, Dragonfly Capital, Coinbase Ventures, Blockchain.com, and Baidu Ventures.

2. MoonPay's Role:

   • MoonPay, as a platform, facilitates the purchase of NEAR with fiat currency globally, providing a direct on-ramp to the NEAR ecosystem.
   • Ivan Soto-Wright, co-founder and CEO at MoonPay, expresses enthusiasm about exposing more people to the dynamic NEAR ecosystem and anticipates the development of new projects within the community.

3. NEAR's Mission and Technology:

   • NEAR's mission is articulated as giving people control of their data, money, and governance tools. This is achieved through Nightshade, a Proof of Stake (PoS) blockchain known for limitless scalability via sharding.
   • Sharding, the process of splitting the chain into "shards," enables multiple blocks to be verified simultaneously, boosting NEAR's speed while maintaining security.
   • NEAR's protocol is highlighted as being carbon neutral and significantly more energy-efficient (approximately 200,000 times) than Proof of Work (PoW) alternatives, giving it a competitive edge in the environmentally-friendly blockchain space.

4. NEAR's Ecosystem:

   • NEAR's ecosystem includes notable projects in the crypto space, such as Mintbase (simplifying NFT minting), Aurora (a bridge for Ethereum leveraging NEAR's speed, security, and low fees), and Ref Finance (a rapidly growing DeFi platform).
   • The ecosystem is fostered through decentralized guilds that provide support to projects in areas like developer talent, marketing, and fundraising.

5. MoonPay's Availability:

   • MoonPay's services are available to global customers, with the exception of residents in Louisiana, Texas, New York, and Hawaii.

This collaboration represents a significant step forward in enhancing accessibility to NEAR and fostering the growth of its ecosystem, aligning with NEAR's vision of re-imagining finance and community in innovative and inclusive ways.