A cryptocurrency platform for paying for NFT tokens in installments has been developed

Decentralized financial lending platform Teller has introduced a buy now, pay later business model to help users split payments for the purchase of non-fungible tokens (NFTs).

The service will allow users to make an upfront payment of 25% to 50% for individual NFTs from the Bored Ape Yacht Club, Meebits, and Doodles collections.

The Teller team said that the new feature is useful for those who want to buy NFTs but do not have enough capital. As a result, buyers will be able to pay a small part of the price as a down payment, and the rest will be financed by a loan.

Teller Finance CEO Ryan Berkun is confident that «buying an NFT is one of the main things that Web 3.0 users want to do right now.»