The Mastercard project makes it much easier to buy NFTs
Mastercard customers can now purchase NFTs using a credit or debit card. So far, the service is available in 173 countries, but this number will increase as demand for the tokens grows.
The secure and fast purchase of NFTs is made possible through Mastercard’s partnership with Singapore-based Alchemy Pay. The parties have agreed to launch and roll out the NFT Checkout feature globally. Customers of the payment system can now purchase NFTs on various marketplaces by paying with their cards. The NFT Checkout feature has made shopping much more convenient. There are no delays and no additional actions required, as is often the case with transactions involving cryptocurrency assets.
Mastercard provides payment services in 210 countries around the world. The company is the second largest in the market after Visa. According to official Mastercard data, there are approximately 1.5 billion of the company’s debit cards in circulation.
As for Alchemy Pay, the platform provides business solutions for accepting cryptocurrency payments. The company entered the Australian and New Zealand markets in May. It has established digital asset transactions there through its POLi and PayID apps. In addition to cryptocurrencies, many fiat currencies are available on the platform, including the most common ones such as euros, dollars, pounds and yen.
Mastercard is actively innovating to provide a high level of service. In May this year, it announced the launch of a research project that will enable the deployment of Web3 infrastructure. Through such an initiative, it will be possible to trade cryptocurrencies and purchase NFTs and other digital goods using the payment system’s tools.
To this end, Mastercard has signed a cooperation agreement with companies in the Web3 industry and has also developed Crypto Credential, a service aimed at the e-commerce sector. The solution enables fast transactions with customers from different countries using crypto assets. The project partners are cryptocurrency wallet developers, including Mercado Bitcoin, Lirium, Uphold and others. Mastercard has also partnered with several companies in the crypto industry, including Aptos Labs and Polygon.
The payment provider has also announced the start of collaborations with 6 other blockchain startups. Through such initiatives, Mastercard aims to provide a level of service that is in line with current trends and customer demands. More and more consumers want to pay with cryptocurrency or buy digital goods. Mastercard is expanding its capabilities to provide customers with convenient and diverse functionality, ensuring a high level of service.