Mastercard has announced that users of Coinbase’s upcoming nonfungible token (NFT) marketplace. will be able to use their card to purchase as part of a new partnership
In a blog post on Tuesday, Raj Dhamodharan, executive vice president of digital assets and blockchain products.sayUnder the agreement, NFT will be considered a “digital commodity” and can be purchased using a credit card. The measure aims to enable non-cryptocurrency players to enter NFT without a wallet and purchase Ether (ETH) or other tokens.
“Enthusiasts Cryptocurrency Familiar with the process,” Dhamodharan said, “but for most people, it’s not easy, and we think this could be a lot easier. and will ensure that NFT is possible for everyone. [… ] Safely engaging more people may be the best way to help the NFT market grow.”
Since Coinbase has announcedThe NFT market was first launched under the planned name “Coinbase NFT” in October. With more than 1 million registered on the waiting list, Coinbase plans to make the NFT platform available to users in the US before it opens to users in other countries.
After the growth and interest in the NFT sector in 2021, the major crypto exchanges FTX and Binance launched their own NFT markets.
“Despite the volatility in the cryptocurrency market, NFT continues to have a positive outlook,” said DappRadar analyst Pedro Herrera.
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