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Mastercard and Coinbase Partner to Make NFTs More Accessible to Everyone

Mastercard and Coinbase Partner to Make NFTs More Accessible to Everyone

Payments giant Mastercard has partnered with cryptocurrency exchange Coinbase to make non-fungible tokens (NFTs) more accessible to everyone. Mastercards can be used to make purchases on Coinbase’s upcoming NFT marketplace.

Mastercard Partners With Coinbase

Payments giant Mastercard and cryptocurrency exchange Coinbase independently announced their partnership Tuesday. Mastercard stated that the company is “Making it easier for everyone to buy NFTs,” elaborating:

We’re excited to announce today that we’re partnering with Coinbase to let people use their Mastercard cards to make purchases on Coinbase’s upcoming NFT marketplace.

“Getting more people involved safely and securely is perhaps the best way to help the NFT market thrive,” the payments giant noted, elaborating:

Mastercard sees even greater potential for NFTs’ underlying tech to go beyond art and collectibles into many more areas.

Coinbase announced in October last year that it is launching an NFT marketplace. The company described “Coinbase NFT” as “a peer-to-peer marketplace that will make minting, purchasing, showcasing and discovering NFTs easier than ever.”

The Nasdaq-listed crypto exchange detailed: “We’re making NFTs more accessible by building user-friendly interfaces that put the complexity behind the scenes. We’re adding social features that open new avenues for conversation and discovery. And we’re going to grow the creator community exponentially, a win for artists and for fans.”

What do you think about Mastercard partnering with Coinbase to make NFTs more accessible to everyone? Let us know in the comments section below.

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