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Mastercard strikes NFT payments deal with Coinbase amid a wave of recent crypto partnerships


MASTERCARD NFT COINBASE



  • Coinbase customers will be able to use Mastercard credit and debit cards to make purchases the crypto company’s upcoming NFT marketplace.

  • The deal is the latest in a flurry of crypto partnerships for Mastercard and Visa.

  • Bitcoin and other cryptocurrencies were created to get around banks and intermediaries. But payment giants have embraced the asset class as it becomes mainstream.

As part of the agreement, Coinbase customers will be able to use Mastercard credit and debit cards to make purchases on the crypto exchange’s upcoming NFT marketplace. Coinbase unveiled late last year plans to launch the platform for minting and buying nonfungible tokens, which have exploded in popularity over the past 12 months. By teaming up with Mastercard, Coinbase executives said they’re looking to reduce friction in the NFT buying process. Right now, that often requires customers opening up a crypto wallet, buying digital currencies, then spending those on NFTs in an online marketplace. Mastercard, meanwhile, said it’s looking to help expand consumer choice on how to pay for NFTs. Read the full article: https://www.cnbc.com/2022/01/18/mastercard-strikes-nft-payments-deal-with-coinbase-amid-wave-of-crypto-partnerships.html




 
 

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