Mastercard Brings Safe and Secure Fiat Payments to the Web3 World

As cryptocurrency gains more adoption, the need for a new payment system on top of blockchain becomes apparent. Mastercard has partnered with CryptoKitties to give web3 users access to seamless purchases that don’t require crypto exchanges or wallet addresses.

The “Mastercard Brings Safe and Secure Fiat Payments to the Web3 World” is a new partnership between Mastercard, ConsenSys and Airswap. The goal of this project is to make it easier for people to use digital currencies in their day-to-day lives.

Mastercard, the world’s largest payment company, has announced integration with a variety of high-profile NFT platforms, bringing its well-known accessibility and security features to the Web3 ecosystem.

Mastercard will collaborate with a number of Web3-native companies as part of its new foray into the blockchain space, including ImmutableX, Candy Digital, The Sandbox, Mintable, Nifty Gateway, Moonpay, and Spring. This is on top of the services it already provides via Coinbase’s freshly opened marketplace.

Any of the company’s 2.9 billion cards in circulation may now be used to buy non-fungible tokens thanks to this new breakthrough. As a result, ordinary people will be able to buy art, gaming products, collectibles, and metaverse commodities using a well-established fiat payment system.

Mastercard intends to provide stability to the non-fungible environment by granting the same buying rights as those trading in the real world, in addition to this global accessibility. As a consequence, collectors may confidently explore participating sites, knowing that their monies are protected.

Customers will be able to buy non-fungible items with more trust and security as a result of our relationship. In the meanwhile, Web3’s army of bright creators will have access to a massive new client base.

 

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