Claim BonusJust-In: Mastercard Allows Cardholders To Buy NFTs Without Crypto
Mastercard International Inc has jumped into the growing market of non fungible tokens (NFT) and Metaverse. The payment giant has come forward to join hands with several leading NFT marketplaces to extend its services.
Mastercard expands services in Metaverse
Mastercard showed its curiosity about getting into the world of NFTs and the Metaverse when it applied for several trademark applications. The payment giant mentioned that they have been working on it for the past year. Mastercard will be enabling NFT commerce with Immutable X, The Sandbox, Mintable, Candy Digital and more. It will also be the Web3 infrastructure service provider for MoonPay.
In a release, the corporation mentioned that this will allow the users to use their Mastercard cards to buy NFTs. It added that over 2.9 billion of their cardholders now can dive into the NFT ecosystem creating a bigger impact in the industry. Meanwhile, Mastercard’s new service will let the users buy NFTs directly without getting them involved with cryptocurrencies.
Earlier, Mastercard filed around 15 trademark applications for its Circles Logo and Priceless slogan. As Coingape reported, the payment giant is looking to construct marketplaces for digital assets and NFT backed services.
Payment giant deploys tools for safe NFT purchase
As per the blog, Mastercard did a survey with over 35,000 people in around 40 countries. The results showed that 45% have bought an NFT or will be considering doing so. It added that the digital assets marketplace depicts a huge ground in the evolving NFT space. They generated more than $25 billion alone in sales last year.
Mastercard stated that this collaboration will expand the adoption of Web3. While it will also add to their existing payment network with Coinbase NFT marketplace. However, all these integrations will allow the users to make crypto easy to access and support the NFT ecosystem’s growth. Meanwhile, the corporation will be implying cybersecurity tools to safeguard and protect user data.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- U.S. SEC Ends Zcash Foundation Probe as Dubai Tightens Rules on Privacy Tokens
- Sui Network Suffers Outage as Mainnet Stalls; SUI Price Flat
- Crypto ETF News: Bitwise Launches Chainlink ETF as Institutional Inflows Return
- Breaking: Supreme Court Delays Ruling on Trump Tariffs; May Decide January 16
- Senators Make Amendments To CLARITY Act On Yield and DeFi Ahead Of Crypto Bill’s Markup
- Bitcoin Price Forecast: How the Supreme Court Tariff Decision Could Affect BTC Price
- Ethereum Price Prediction as Network Activity Hits ATH Ahead of CLARITY Markup
- Robinhood Stock Price Prediction: What’s Potential for HOOD in 2026??
- Cardano Price Prediction as Germany’s DZ Bank Gets MiCAR Approval for Cardano Trading
- Meme Coins Price Prediction: What’s Next for Pepe Coin, Dogecoin, and Shiba Inu Amid Market Rally?
- Standard Chartered Predicts Ethereum Price could reach $40,000 by 2030
