Bitcoin News > Payment giant Mastercard expands network, allowing users to buy NFTs with credit cards – The Daily Hodl
Financial services’ Titan Mastercard is now allowing users to directly purchase non-fungible tokens (NFTs) with their credit cards.
Under a new blog post Written by executive vice president of digital asset partnerships Raj Dhamodharan, Mastercard is partnering with a number of prominent crypto marketplace and payment platforms to enable the purchase of NFTs without purchasing any any digital asset.
“We have innovated over the past year to make these improvements happen. As part of this work, we are pleased to announce that we are working to enable commercial NFT with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway and infrastructure providers Web3 MoonPay.
We’re working with these companies to allow people to use their Mastercard to make NFT purchases, whether it’s on one of these companies’ marketplaces or using their cryptocurrency service. surname. With 2.9 billion Mastercard cards worldwide, this shift could have a major impact on the NFT ecosystem.
Buy the NFT you want on the market of your choice. No need to buy cryptocurrency first. ”
This is not the first time the payments giant has entered the NFT world. In January, Mastercard announced a partnership with leading US-based cryptocurrency exchange Coinbase, allowing users to purchase digital collectibles with their credit cards on Coinbase’s NFT marketplace, launched in May.
“With the help of these companies, Mastercard’s expanding adoption of Web3 – a new version of the blockchain-based internet – adds to our current work of bringing our payments network to market. Coinbase’s New NFT, Opened to All Coinbase Users in May.
Overall, these integrations are designed to make crypto more accessible and help the NFT ecosystem continue to grow, innovate, and gain more fans.”
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Featured photo: Shutterstock / grafius / Natalia Siiatovskaia