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‘Ape Now, Pay Later’ Loans Bring BNPL to the NFT Market

DeFi lender Teller is offering buyers the option to pay for popular NFT collections in installments.

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Buy now, pay later is coming for NFTs.

Decentralized finance lender Teller announced Thursday the launch of a new BNPL feature for some the most popular nonfungible tokens, including Bored Ape Yacht Club, Doodles, Meebits, Cool Cats and others. The service is participant-driven, meaning users will directly lend to and borrow from each other.