Mastercard Expanding To Web3 and NFTs
Mastercard announced that it has been building partnerships over their last year to extend their payment networks to NFTs. They have partnered with many of the leading NFT marketplaces to allow direct purchases of NFTs through their Mastercard rather than having to buy crypto first.
A partnership with Coinbase was announced earlier this year to allow Coinbase users to purchase NFTs through Coinbase’s new NFT platform with their credit cards.
Opensea is currently allowing users to add crypto funds with credit or debit cards using MoonPay. Users can either deposit crypto from another crypto address or buy ETH with their card. A direct integration is expected similar to the direct purchases on Coinbase’s NFT platform. The option will likely be offered after selecting to purchase/bid on an NFT to prompt whether the user wants to pay in crypto or their card.
