Mastercard is joining forces with Coinbase to enable people to buy NFTs with their debit and credit cards.
Coinbase recently joined the NFT, outlining plans to build a unique marketplace where users can create, collect and sell non-refundable tokens.
Thus, the company acknowledges that the practice of buying NFT can be difficult for beginners, requiring them to open a cryptocurrency, buy a cryptocurrency, and then use it to buy the NFT in the online marketplace.
The company is working with Mastercard to introduce NFTs as “digital assets” and to open up a new method of payment by credit cards.
Raj Dhamodharan, EVP, digital and blockchain products and partners, Mastercard, says: “We are working to make NFTs available because we believe that technology should be integrated.
“As more people engage in new technologies, it promotes innovation, aids economic growth, and increases consumer choice.”