Mastercard has begun partnering with a number of platforms to enable card-based NFT purchases

Home / Mastercard has begun partnering with a number of platforms to enable card-based NFT purchases

Mastercard has begun partnering with a number of platforms to enable card-based NFT purchases

posted on June 10, 2022 by in Blockchain

Mastercard has announced plans to expand access to NFT through the use of card payments.
Executive Vice President Raj Dhamodharan said the company has already begun working with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway and MoonPay.
“We are working with these companies to allow people to use their Mastercard cards for NFT purchases, whether on these companies’ marketplaces or using cryptoservices. Given that Mastercard owns 2.9 billion cards worldwide, this change could have a big impact on the NFT ecosystem,” he added.
Currently, the process of buying NFT on a platform like OpenSea typically involves funding a cryptocurrency wallet and paying with digital assets.
Mastercard wants to solve this problem so that as many people as possible can purchase collectible tokens.
The company is already working with NFT trading platform Coinbase to support card payments.

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