American multinational financial services corporation Mastercard has announced the expansion of its payments network to Web3 and the world of non-fungible tokens (NFTs).
To support NFT commerce, it has worked with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway, and Web3 infrastructure provider MoonPay.
Mastercard is expanding its partnership with NFT marketplaces and #web3 providers to simplify the process of buying NFTs. Now anyone can buy an NFT with their Mastercard, without having to buy crypto first. Learn more: https://t.co/YOf3wPZW55
— Mastercard News (@MastercardNews) June 9, 2022
Because of these partnerships, Mastercard will be able to allow users to use their Mastercard cards to buy NFTs, whether on one of these firms’ marketplaces or through their crypto services.
These initiatives aim to capitalize on the immense potential of the NFT sector by extending payment options for customers and creating NFT communities.
“We’re looking forward to continuing our work with all these companies to make sure this market can become even more welcoming, accessible and easy,” stated Raj Dhamodharan, Executive Vice President of Mastercard.
