Mastercard Announces It Is Broadening Horizons for Web3 And NFTs -Breaking
- Mastercard (NYSE.) stated on June 9, that it will expand its payments network to Web3 as well as non-fungible tokens.
- This payment processor works with many companies in order to allow people to use Mastercard cards for NFT purchases.
- Mastercard’s adoption of Web3 also adds to their efforts to bring the payment network to Coinbase’s new NFT marketplace.
Mastercard, which announced its expansion of the payments network to Web3 tokens and NFT (non-fungible tokens) on June 9, said that they are expanding their payment network. Mastercard said that the company is working to make buying NFTs easier and safer.
Mastercard will expand its collaboration with NFT marketplaces, #web3 providers and other NFT sellers to streamline the buying of NFTs. With their Mastercard anyone can purchase an NFT without the need to invest in crypto. Learn more: https://t.co/YOf3wPZW55
— Mastercard News (@MastercardNews) June 9, 2022
This will make it easier for customers to obtain what they desire with less worry and uncertainty. The potential for these changes to increase NFT creators’ customer base by millions is also possible.
Mastercard said that the company has been innovating continuously over the past 12 months to make these improvements happen. Mastercard also stated that NFT commerce is being developed with companies such as Immutable X and Candy Digital.
These companies are also working together with Mastercard to make it possible for people to use Mastercard to purchase NFTs. The NFT industry could see a significant increase in its numbers with around 2.9 million Mastercard owners around the globe.
NFTs can also be purchased on any marketplace without the need to first buy crypto.
More so, the Mastercard team said that the adoption of Web3 also adds to its efforts to bring the payment network to Coinbase’s new NFT marketplace. This integration will increase crypto’s accessibility and support the NFT ecosystem’s continued growth.
Also, the team stated that it will apply its “full suite of capabilities to reinforce customer safety.” This will give all customers the same protection that they have while making transactions in a store or online with a Mastercard card. The company will make use of cybersecurity tools to ensure the safety and security of users’ data.