Crypto news

Mastercard holders will be able to buy NFT for fiat

Mastercard payment system will allow its cardholders to buy NFT. For this purpose, the company signed agreements with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway and MoonPay.

Mastercard cardholders will be able to buy non-interchangeable tokens on platforms owned by the new partners without having to purchase cryptocurrency in advance.

“We are working with these companies to allow people to use Mastercard to purchase NFT on the partners’ trading platforms or through their cryptocurrency services. With 2.9 million of our cards worldwide, this change could have more of an impact on the NFT ecosystem,” said Vice President Raj Damodaran.

He also noted that a survey conducted by the payment system among more than 35,000 people in 40 countries indicates user interest in non-exchangeable tokens. 45% of the respondents answered that they have purchased NFT or are going to do so.

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