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