Lender DeFi Teller Launches "Buy Now, Pay later" feature for Bored Apes and Other NFT Projects
Users can make a down payment in some NFTs using Teller Finance's new "buy now, Pay later" feature. Projects supported by this feature include Bored Ape Yaht Club, Mutant Ape Yaht Club, Moonbirds, Doodles, Cool Cats, Azuki and Meebits.
The decentralized finance (DeFi) lending platform Teller Finance has launched a new feature that allows "buy now, pay later" (BNLP) for the purchase of non-interchangeable tokens.
At the moment, Teller supports top NFT projects: Bored Ape Yaht Club, Mutant Ape Yaht Club, Moonbirds, Doodles, Cool Cats, Azuki, Meebits, Adidas Originals: Into the Metaverse, as well as RTFKT-MNLTH and Murakami.Flowers Seed.
Teller's NFT BNLP service is called "Ape Now, Pay Later" and is built on the Polygon (MATIC) network.
Teller Finance is experiencing the same momentum as other firms such as Fractional. They've done this in the past: allow users to pay for expensive NFTs without overpaying for a list price of thousands of dollars. Unlike Fractional, which "divided" the NFT into smaller and thus less accessible parts that can be owned by several people, Teller Finance allows one person to make an initial payment for the NFT, and pay the rest of the cost later.
In general, BNLP allows users to own an item by paying only part of the total cost upfront. The buyer then pays for the goods in full over time - often with interest, as is the case with the BNLP Klarna platform.
https://coin-signal.com/cryptonews/lender-defi-teller-launches-buy-now-pay-later-feature-for-bored-apes-and-other-nft-projects/
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