|
|
"Coinbase, the largest cryptocurrency exchange in the United States, has announced a partnership with payment giant Mastercard. This is great news! The collaboration aims to simplify the experience of purchasing NFTs. According to the partnership, Mastercard categorizes NFTs as digital goods, allowing cardholders to buy NFTs using credit and debit cards. In other words, customers can use this payment service to buy NFTs directly without the need to purchase cryptocurrency—just swipe the card!
Executives at Coinbase state that this collaboration aims to reduce barriers in the NFT transaction process. Typically, to buy NFTs, customers need to create a cryptocurrency wallet, purchase cryptocurrency, and then buy NFTs on online marketplaces like Opensea. Through the partnership with Mastercard, Coinbase defines NFTs as digital goods, enabling customers to purchase them directly by swiping their cards, bringing NFTs closer to the mainstream world. Analysts suggest that cryptocurrency applications are gradually integrating into traditional finance. Coinbase is not the first platform to develop the feature of buying coins with a credit card. For example, Nifty Gateway offers a similar function, and Rarible allows direct purchases of NFTs using Visa and Mastercard. However, leading platforms like Opensea have to use third-party payment services like MoonPay instead of directly using fiat currency for purchases. Mizuho Securities analyst Dandolev suggests that the collaboration between Coinbase and Mastercard exemplifies the latter's departure from traditional thinking. However, in the long run, blockchain technology and DeFi may still pose a threat to the entire financial ecosystem, challenging the concept of third-party payments." |
|
Post time 21-11-2023 22:11:43