The payment systems giant Mastercard is now taking a major step in its adoption of the metaverse and non-fungible tokens (NFTs). The company said it was working with industry giants to enable its 2.9 billion customers worldwide to purchase NFTs directly by credit card.
While the multinational Mastercard has made numerous announcements in support of cryptocurrency adoption, particularly since last year, it has taken a crucial step today by announcing that it is planning to make the purchase of non-fungible tokens (NFTs) available to its 2.9 billion consumers globally.
The payment company stated in an official statement that it wished to make the payment process for obtaining an NFT “simpler and more secure,” and that it wished to deploy credit card payment alternatives for such purchases.
To do this, Mastercard has announced important agreements with industry leaders like as Immutable X, Candy Digital, Mintable, Spring, Nifty Gateway, and The Sandbox (SAND).
An appearance in Web 3.0 is also anticipated, and Mastercard has announced that it is collaborating with the Moonpay payment network, which specializes in bitcoin transactions.
Raj Dhamodharan, Executive Vice President of Mastercard’s Cryptocurrency Division, stated unequivocally that the company’s priority is to establish itself in Web 3.0:
“With the help of these companies, Mastercard’s growing adoption of Web 3.0 adds to our existing work of bringing our payment network to Coinbase’s new NFT marketplace, which has been opened to all of its users. in May. […] These integrations are designed to make crypto more accessible and help the NFT ecosystem continue to grow, innovate, and attract new fans. »
Previously, purchasing an NFT on a site like OpenSea required recharging its digital wallet; however, Mastercard wants its clients to be able to settle their transactions instantly by bank card, “without the need to buy cryptocurrencies beforehand.”