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Mastercard names new crypto partners for NFT payment service By BTC Peers


Mastercard establishes new partners in crypto for NFT payments service

Mastercard (NYSE: ) now has a variety of crypto partners. This is to make it easier to access NFT markets.

Raj Dhamodharan (executive Vice President of the company) stated in a statement on June 9, that they had partnered with The Sandbox and Immutable X as well as Candy Digital, Nifty gateway, Mintable, Spring and MoonPay in order to facilitate NFT commerce.

We’re working with these companies to allow people to use their Mastercard cards for NFTs purchases, whether that’s on one of these companies’ marketplaces or using their crypto services, […]The NFT industry has 2.9 billion Mastercard cards around the world, so this could be a significant change.

These partnerships will eliminate the tedious process of buying an NFT. This involves purchasing a cryptocurrency such as or first. Mastercard believes the process of buying NFTs should be safer and easier and insists that investors should “buy the NFTs you want on the marketplace of your choice. No need to buy crypto first.”

Coinbase (NASDAQ 🙂 is working already with the payments company to enable cash payments through its newly-launched NFT platform.

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Following Mastercard’s NFT foray, another giant payment solution provider, Visa (NYSE:), is also considering embracing the NFT market after acquiring a CryptoPunk late last year. MoonPay began offering NFT services to partners in January.

Dhamodharan shared in his blog that the results of a Mastercard poll that included over 35,000 participants from 40 different countries showed that 45 percent of respondents have an NFT, or are considering buying one. About half of them also want a simpler payment option. He also added:

All in all, the integrations were created to make crypto easier and keep NFT’s ecosystem growing, innovating, and bringing more supporters.

It is an important step forward in Web3-related services that cardholders can purchase NFTs direct.

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