With the introduction of this NFT payment service, Mastercard positions itself as a key player in the Web3 landscape.
Mastercard is focused on making NFT purchases not only easier but also safer for users, leveraging its network to grow the NFT sector and draw in a larger audience to the ecosystem.
The financial powerhouse kicks off its journey into the NFT world by teaming up with prominent names in Web3 like Immutable X, Moonpay, and Candy Digital, among others. With this collaboration, Mastercard will enable users to buy NFTs and access blockchain services with their cards on these platforms.
Given that Mastercard has over 2.9 billion cards in circulation worldwide, this initiative could significantly influence the NFT space, as stated by Mastercard representatives. stated This approach eliminates the need for cryptocurrency when buying digital assets; users will be able to proceed with their Mastercard instead.
A survey conducted by Mastercard revealed that out of over 35,000 respondents across 40 countries, 45% had either purchased an NFT or were open to it, with nearly half desiring more options—such as the ability to pay for everyday items with crypto or using their credit or debit cards for NFT purchases.
Following the launch of Coinbase's NFT marketplace in May, Mastercard enabled credit card payments on this platform. Earlier in April, it formed a partnership with Nexo, a crypto bank, and about a year ago, it collaborated with fintech company Wirex to introduce crypto payment cards that work within the Mastercard network.
NFT enthusiasts often face risks from cybercriminals, as digital collectibles valued at hundreds of thousands of dollars are frequently hacked and stolen. Mastercard has pledged to utilize advanced cybersecurity measures to protect its users, ensuring security similar to when consumers use their Mastercard for online or in-store transactions.
Read related posts:
- Mastercard Filed 15 NFT Trademarks
- NFT Game Cross The Ages Raised $12M
- Hyundai Card is set to unveil an NFT marketplace along with a dedicated wallet for users.
Disclaimer
In line with the Trust Project guidelines Please bear in mind that the information presented here is not meant to serve as legal, financial, or investment advice. It's crucial to invest only what you can afford to lose and to consult with a financial advisor if you're unsure about anything. For more clarity, we recommend checking the terms and conditions as well as the help and support resources from the issuer or advertiser. MetaversePost prioritizes accurate and impartial reporting, but please note that market dynamics can shift without notice.
