Xircus x Magik Labs: Breaking Down The Barriers

Xircus
3 min readFeb 16, 2023

Exciting news again from Xircus! We’re thrilled to announce our partnership with Magik Labs, as we share a common goal of bringing cryptocurrency to the masses. Together, we’re on a mission to revolutionize the digital asset landscape and simplify the buying process for everyone.

Buying Bitcoin in 2014 was complicated

Cast your mind back to 2014, when Bitcoin was just gaining initial traction. If you were interested in buying Bitcoin at $300, you probably felt lost and overwhelmed by the complexity of the process. Even today, purchasing an NFT or other digital asset can feel like a daunting task.

One of the primary reasons people hesitate to purchase is because they don’t know how to buy it! Let alone purchasing an NFT, which is a digital asset.

Buying crypto for newcomers is a stressful adventure

Buying digital assets on NFT marketplaces can be a hassle, especially when it comes to getting the right currency to make purchases. Different marketplaces and platforms require specific types of digital currencies, such as Ether or stablecoins, which can be confusing and time-consuming to navigate. Obtaining the right currency often requires using multiple exchanges or wallets, creating new accounts, verifying identity, and dealing with complex trading interfaces. This process can lead to missed opportunities, lost time, and increased stress.

That’s quite an adventure for a newcomer, isn’t it? However, things have changed now, and buying NFTs doesn’t have to be complicated anymore with us.

Start local, receive payments global

So here’s how it works with Xircus and the collaboration with Magik Labs, that simplifies building Web3 dApps with the innovative payment gateway feature, where any NFT marketplace, prediction market, DeFi platform or other type of Web3 dApp can easily add a block to their platform, allowing users to start buying and selling in their own currency, with their preferred local payment method. No more hassle, no more confusion.

At Xircus, we’re making it easy for everyone to enter the world of crypto. With our simple and straightforward buying process, we’re breaking down the barriers to mass adoption. No matter where your users are located, we support their local payment methods and currencies. For example, in Vietnam, they can use the popular payment method “Viettel”, while in Europe, an instant SEPA bank transfer is available. In the US, they can use Cash App, or even choose to pay with Visa cards or Apple Pay. At Xircus, we believe that everyone should have access to the exciting opportunities of the crypto world, and we’re here to make that happen.

Magik Labs

Thanks to our partnership with Magic Labs and Shiv, co-founder of their promising Ycombinator Startup, we’re thrilled to bring this to life in our upcoming product validation stage. We’re excited to showcase this feature at the first Xircus x Draper Startup House hackathon next week!

See you the next time!

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Xircus

Xircus is The first WEB3.0 consensus that enables you to build your own dApp; shortest time-to-market / cost efficient / easy to setup >>> xircus.app