Saturday, June 10

Coinbase Partners With Mastercard For NFT Marketplace Purchases By Cointelegraph

©Reuters. Coinbase partners with Mastercard for NFT marketplace purchases

Credit card company Mastercard (NYSE:) has announced that users of the upcoming Coinbase (NASDAQ:) non-fungible token market will be able to use their cards to make purchases as part of a new partnership.

In a blog post on Tuesday, Mastercard’s executive vice president of digital assets and blockchain products, Raj Dhamodharan, said that under the deal, NFTs would be considered “digital goods” and could be purchased with a credit card. . The move is intended to allow non-natives to the crypto space to enter NFTs without using a wallet and purchase Ether (ETH) or other tokens.

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“Cryptocurrency enthusiasts are used to this process,” said Dhamodharan. “But for most people, it’s not simple, it’s not intuitive. We think it should be much easier. That will ensure that NFTs can be for everyone […] Engaging more people safely is perhaps the best way to help the NFT market thrive.”

Read the full article on Cointelegraph

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