Mastercard announced in its most recent post on Twitter that it has begun offering customizable nonfungible token (NFT) debit cards. These cards will let cardholders who already own avatars from certain NFT collections add the collection’s artwork to their payment cards.
The statement states that Mastercard and Hi will make it possible for clients to customize their profiles once the companies have confirmed that they are the legal owners of their NFT. Because of this, the client will be able to use their card to make purchases at any of the millions of establishments that accept the debit card issued by the company.
Christian Rau, Vice President of Crypto and Fintech Enablement for Mastercard, stated that the payments provider was committed to making NFTs and cryptocurrencies an accessible payment choice for the communities that wish to use them. This statement was made in response to the growing interest that consumers have shown in cryptocurrencies and NFTs.
Cryptocurrency aficionados will be able to spend fiat currency and digital assets, such as $Hi, $BTC, $ETH, and $USDT, at any of the over 90 million shops that accept Mastercard payments thanks to the introduction of a new debit card called hi.
As consumer interest in crypto and NFTs continues to grow, we are committed to making them an accessible payments choice for the communities who wish to use them. We are proud to be working with hi to continue to drive innovation in the market and enable these customizable cards together with the safety and security you’d expect from Mastercard.
Notably, Mastercard has been instrumental in mainstreaming crypto payments thanks to its support for the assets and its partnership with several NFT markets in June, which makes it possible for Mastercard holders to make purchases of NFTs using their MasterCard’s.
