Mastercard Makes Buying NFTs Easier and Safer

Mastercard recently announced it is working with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway, and MoonPay to make buying NFTs easier and safer.

Users can now use Mastercard cards to purchase NFTs without needing to buy cryptocurrencies first.

"These NFT marketplaces represent a huge breadth of the burgeoning NFT space - which generated more than $25 billion in sales in 2021 - from art to sports to video games to collectibles to metaverse platforms," Mastercard wrote in its press release. "These marketplaces also host sales for some of the biggest names in NFTs."

"With the help of these companies, Mastercard's expanding adoption of web3 - a new version of the internet based on blockchain - adds to our existing work bringing our payment network to Coinbase's new NFT marketplace, which opened to all Coinbase users in May," the company continued. "Overall, these integrations are designed to make crypto more accessible and help the NFT ecosystem keep growing, innovating, and bringing in more fans."

Cryptocurreny on- and off-ramps have been a challenge for onboarding new users to the space. With this partnership, Mastercard is helping to bring in potentially millions or billions of dollars in new purchasing power.

Author Bio

Jason Bales

Jason is an NFT lead at Lucky Trader. He has been involved in the NFT space since CryptoKitties in late 2017 and got involved in NBA Top Shot in early 2021 (Series 1 Legendary From The Top LeBron James Block, anyone?). Now, he spends most of his days yelling, "get off my lawn" at the PEPE and Nakamigos kids.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.