Mastercard has announced that the payment company is working to enable non-fungible token (NFT) commerce with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway, and Web3 infrastructure provider MoonPay.
"We’re working with these companies to allow people to use their Mastercard cards for NFTs purchases, whether that’s on one of these companies’ marketplaces or using their crypto services," Mastercard said.
The new payment system will allow Mastercard holders to directly purchase NFTs from a digital assets marketplace. Prior to Mastercard's new payment strategy, NFT buyers would first have to purchase crypto to complete the transaction.
According to the company, the introduction of the new payment system could have a major impact on the NFT ecosystem as there are currently 2.9 billion Mastercard cards globally.
Mastercard's new NFT commerce has come at a time when NFT marketplaces have already generated more than $25 billion in sales in 2021 from art to sports...
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