Mastercard is expanding its payments network to include Web3 and non-fungible tokens (NFTs). The company is focusing on making the process of buying an NFT much easier and safer. This will allow customers to acquire what they need with much less stress and uncertainty. These changes also have the potential to grow the customer base of NFT creators by millions.
Mastercard is expanding its partnership with NFT marketplaces and #web3 providers to simplify the process of buying NFTs. Now anyone can buy an NFT with their Mastercard, without having to buy crypto first. Learn more: https://t.co/YOf3wPZW55
— Mastercard News (@MastercardNews) June 9, 2022
Significantly, Mastercard explained that it has been diligently innovating over the past year to make sure that these changes really happen. The company then also announced that it is working to enable NFT commerce with companies like Immutable X, Candy Digital, The Sandbox, Minable, Spring, Nifty Gateway, and even the Web3 infrastructure provider, MoonPay.
Mastercard is working with various companies to allow its cardholders to purchase NFTs. With a user base of around 2.9 billion people worldwide, this could have a significant impact on the growth of the NFT ecosystem.
Additionally, Mastercard is working to integrate with Web3 in order to make crypto more accessible. This will help with the continued adoption of NFTs and make it easier for people to use cryptocurrencies.
Mastercard has announced that it will be using its full range of capabilities to bolster customer safety. This will include the same level of protection for customers making transactions in store or online as they would with a Mastercard card. To ensure the safety and security of users’ data, the company will be making use of cybersecurity tools.