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Home»NFT»You Can Now Buy NFTs Without Crypto
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NFT

You Can Now Buy NFTs Without Crypto

adminBy adminJune 10, 2022No Comments3 Mins Read
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  • According to a survey, 45% of people will consider buying a more flexible NFT
  • This move will take place shortly after MasterCard decides to partner with Cryptographic Exchange Coinbase earlier this year.

NFT-hungry traders have another way to get digital collectibles. A partnership between Mastercard and a number of native cryptocurrency companies.

Payment processing giant Mastercard has partnered with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway, and Web3 infrastructure provider MoonPay to buy digital assets without customers having full crypto ownership. Announced to be able to do it.

Multinationals have found that more than 45% of the people surveyed have purchased NFTs (non-fungible tokens) or are considering more flexibility.

Over $ 2 billion was spent on NFTs in the first quarter of 2021. This is an increase of 2,100% year-on-year from the fourth quarter of 2020.

Obviously, the opportunities for creators to unlock digital engagement through NFTs are enormous.

Time to find a way for traditional cards to maintain relevance. ⏲️

— Nicole Casperson (@nicolecasperson) June 10, 2022

This move follows MasterCard’s decision to partner with Cryptographic Exchange Coinbase earlier this year, where users can buy NFTs directly with MasterCard.

“With the help of these companies, Mastercard’s growing adoption of Web3 (a new version of the blockchain-based Internet) will bring a payment network to Coinbase’s new NFT marketplace, which was opened to all Coinbase users in May. It will be added to the existing work that will bring, “the company said in a statement.

“Overall, these integrations are designed to make crypto more accessible and help the NFT ecosystem continue to grow, innovate and attract more fans.”

Mainstream payment processors have a keen interest in cryptocurrencies and NFTs, and in March this year Visa announced a one-year immersion program for creators interested in growing their business through NFTs.

Security remains one of the biggest barriers to people engaging in crypto projects, and Mastercard is also working on ways to enhance cybersecurity tools: “Safety when buying with Mastercard cards.” Improve your sexuality and protect your user data. “

According to a survey, 59% of consumers feel confident in cryptocurrencies if they know that “reputable” organizations are involved. 63% say governments should intervene to regulate digital assets, more specifically Stablecoin.


Deliver the day’s top crypto news and insights to your inbox every night. Subscribe to Blockworks’ free newsletter now.


  • Bessie Liu

    Blockworks

    Reporter

    Bessie is a New York-based crypto reporter and previously worked as a technical journalist for The Org. After working as a management consultant for over two years, she earned a master’s degree in journalism from New York University. Bessie is from Melbourne, Australia. You can contact Bessie [email protected]

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