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"Master Card can now be used to purchase NFTs. With the emergence of Master Card's new NFT business, the NFT market's sales exceeded $25 billion in 2021, covering various domains from art, sports, video games, collectibles to Metaverse platforms.
Master Card recently announced collaborations with companies like Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway, and Web3 infrastructure provider MoonPay to enable NFT transactions. Master Card stated, ""We are working with these companies to allow people to use their Master Card to buy NFTs, whether it's in one of these companies' marketplaces or using their crypto services."" This new payment system allows Master Card holders to directly purchase NFTs from digital asset markets.
Prior to Master Card's new payment strategy, NFT buyers had to purchase cryptocurrencies before completing transactions. Given that there are currently around 2.9 billion Master Cards globally, the introduction of this new payment system could significantly impact the NFT ecosystem. Moreover, Master Card has recently partnered with digital asset platforms Nexo and dipocket to launch a crypto card, enabling their European customers to use digital currencies without directly handling funds. Through these partnerships, users can spend up to 90% of their cryptocurrency asset value on Nexo.
What's most surprising is that this payment giant has filed 15 trademarks related to NFTs, cryptocurrencies, and the Metaverse. These filings encompass various aspects, such as NFT-supported multimedia, digital goods markets, payment transaction processing related to the Metaverse, and e-commerce software business." |
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Post time 23-10-2023 11:52:53
