On Thursday 9th June 2022, Mastercard, a giant payment provider, announced that they were working with a number of NFT marketplaces and Web3 providers to make the process of buying NFTs easier and safer.
“For NFT creators, these changes grow their potential customer base to millions more people all over the world,” said Raj Dhamodharan, the head of digital asset and blockchain products at Mastercard.
They are also collaborating with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway, and MoonPay to enable NFT commerce. Users will be able to use their Mastercard cards to purchase NFTs and utilize crypto services on these platforms, without needing to buy cryptocurrencies first.
Earlier this year, Mastercard partnered with the prominent cryptocurrency exchange Coinbase to facilitate NFT purchases on its platform. In contemporary days, with 2.9 billion Mastercard cards globally, this cooperation could have a marvelous impact on the NFT ecosystem.