MasterCard is partnering with several non-fungible token marketplaces to make it easy for people to purchase nonfungible tokens (NFTs) with their cards.
The payments giant has now struck deals with Candy Digital, Mintable, Immutable X, Nifty Gateway, The Sandbox, Spring, and Web3 infrastructure provider MoonPay. With this partnership, consumers can purchase NFTs, whether on one of the firms’ marketplaces or using their crypto services.
MasterCard has now joined forces with Coinbase to enable the people to purchase NFTs on the crypto company’s decentralized marketplaces with their credit and debit cards.
There are likely to be further forays into the Web3 arena, with the firm recently filing 15 NFT and metaverse trademark applications as part of a wider plan to extend its payment processing network, slogans, and branding into the new virtual economy.
MasterCard insists that it is giving people what they want, Recently, it published a survey of over 35,000 people in 40 nations, showing that 45% had bought an NFT or would consider doing it, and nearly half sought more flexibility – managing to pay using crypto for daily purchases or using a debit or credit card to acquire an NFT.