Coinbase’s project aims to simplify the NFT market, bypassing the need to own cryptocurrencies: you can pay directly with Mastercard credit / debit cards.
Buying NFTs with Mastercard cards: the Coinbase project
According to what reported by TheVerge, Coinbase is said to be partnering with Mastercard to facilitate the purchase of NFTs. In particular, we are working on a Non Fungible Token market that will allow pay directly by card, without the need to have a cryptocurrency wallet. In fact, most NFT markets provide for payment to be made in crypto, while this small revolution would make the acquisition of an NFT like any online purchase.
“The growth and popularity of NFTs is growing the market, favoring the birth of many creators. It could be the start of the new era of digital commerce, ”he says Raj Dhamodharan, Executive Vice President of digital asset and blockchain products di Mastercard. He also announces that Mastercard will, in the future, use the work of CipherTrace, a cryptocurrency intelligence firm. A collaboration that I will serve to strengthen the security of NFT purchases through circuit cards.
Coinbase’s NFT market – announced last October – has not yet been launched, but it will certainly not be the only one to accept more traditional payment methods. Two examples, as TheVerge also points out, I know Nifty Gateway and Rarible, which allow you to pay with Visa or Mastercard cards.
Other interesting news from the world of Non Fungible Tokens are: