Coinbase secures Mastercard for its upcoming NFT marketplace

Coinbase has announced a partnership with credit card company Mastercard for its upcoming non-fungible token (NFT) marketplace.

@JakConnorTT

Published Jan 19, 2022 3:13 AM CST
Updated Feb 15, 2022 5:22 AM CST

51 seconds read time

Mastercard has announced a new partnership with cryptocurrency exchange Coinbase for its upcoming NFT marketplace.

Coinbase secures Mastercard for its upcoming NFT marketplace 01

The new partnership with Mastercard is aimed at providing users with a way to make purchases on the NFT marketplace without having to purchase Ethereum or other cryptocurrencies. Mastercard's executive vice president of digital assets, Raj Dhamodharan, said that NFTs will be looked at as "digital goods," and this partnership will allow users to purchase NFTs with a credit card.

Dhamodharan explains that the process of purchasing an NFT with cryptocurrency is fairly simple for someone who is already involved in the space (trading, flipping, etc) but for the majority of people, the process is very new and not simple. Dhamodharan says that the process of purchasing an NFT "should be much easier", and "That will ensure NFTs can be for everyone [...] Getting more people involved safely and securely is perhaps the best way to help the NFT market thrive."

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NEWS SOURCE:cointelegraph.com

Jak Connor

Jak joined the TweakTown team in 2017 and has since reviewed 100s of new tech products and kept us informed daily on the latest science, space, and artificial intelligence news. Jak's love for science, space, and technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.