NFT Evening NFT Evening
    Facebook Twitter Instagram Reddit
    NFT Evening NFT Evening
    • News
      • Collectibles
      • Crypto Art
      • Blockchain games
      • Metaverse
      • Music
      • Interviews
    • Guides
      • Top NFT Projects
      • Top Blockchain Games
      • NFT Marketplaces and Tools
    • Learn here!
      • What is an NFT?
      • How to keep your NFTs safe
      • NFT Glossary
    • NFT Calendar
      • NFT Drops
      • NFT Conferences
    NFT Evening NFT Evening
    News

    Home » News » Mastercard Will Allow Users To Buy NFTs Without Crypto!

    Mastercard Will Allow Users To Buy NFTs Without Crypto!

    By Reethu RaviJune 13, 2022Updated:February 2, 20232 Mins Read

    Payment giant Mastercard this week announced its cardholders can now purchase NFTs without crypto. The move comes as an effort to make the process of buying NFTs easier and safer. To facilitate this, the company has partnered with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway, and MoonPay. So, what exactly does Mastercard’s latest initiative mean for the NFT industry?

    Mastercard office showing its logo
    Mastercard holders can now buy digital assets directly.

    About Buying NFTs With Mastercard

    Mastercard has partnered with several NFT marketplaces to allow its cardholders to directly buy NFTs. The current partners include Web3 infrastructure provider, MoonPay; Immutable X, Candy Digital, The Sandbox, Mintable, Spring, and Nifty Gateway. With this, users can buy NFTs from a marketplace of their choice, without buying crypto first.

    “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,” wrote Raj Dhamodharan. He is Mastercard’s Executive Vice President, Digital Asset & Blockchain Products & Partnerships. 

    “With 2.9 billion Mastercard cards worldwide, this change could have a big impact on the NFT ecosystem,” he added. 

    In addition, Mastercard is using its cybersecurity tools to amp up security and protect users’ privacy while making transactions. Furthermore, the company added that its latest efforts are to “build on the enormous potential of the NFT market.”

    What Does This Mean For The NFT Space?

    It is no secret that the NFT space caters to crypto users. After all, a majority of NFT marketplaces only accept payments in crypto. What this means is that there is a significant entry barrier to non-crypto users. Mastercard’s latest initiative solves this, making digital asset purchases easier than before. 

    Earlier this year, Mastercard partnered with Coinbase to allow users to buy NFTs on the Coinbase marketplace with Mastercard’s credit and debit cards. 

    Join Our New "To The Moon" daily Newsletter

    Get our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts & stay on top 👊🌚

    Thank you!

    You have successfully joined our subscriber list.

    .

     


    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    Mastercard
    Previous ArticleExperience Qatar Airways In The Metaverse With Their QVerse
    Next Article HTC Confirms Its Comeback With A Metaverse Phone
    Reethu Ravi
    • Twitter
    • LinkedIn

    Reethu Ravi is a journalist currently based in the UK, covering environment, sustainability, tech and innovation. When not found between the pages of a book, she can be seen catching up on the latest developments in the tech world. A naval architect-turned-journalist, she loves bringing stories of change and innovation to the limelight.

    More great NFT Evening content:

    Satvik Sethi Leaves Mastercard NFT Due to “Harassment” and “Distress”

    February 3, 2023

    Ebay Looks To Hire Web3 Staff For KnownOrigin NFT Marketplace

    February 3, 2023

    Coinbase NFT Pauses Creator Drops on its Marketplace

    February 3, 2023

    Steve Aoki x Stoopid Buddy Announce Web3 Stop-Motion Series

    February 2, 2023

    Crypto Companies Continue Layoffs, Downsizing way into Jan 2023

    February 2, 2023

    PROOF of Conference: Everything You Need To Know

    February 2, 2023

    Rug Radio PFP NFTs With Cory Van Lew Mint on Monday 6th

    February 2, 2023

    Warner Music Group Announces Rhythm City Experience in Roblox

    February 2, 2023
    Latest NFT News

    Satvik Sethi Leaves Mastercard NFT Due to “Harassment” and “Distress”

    February 3, 2023

    Ebay Looks To Hire Web3 Staff For KnownOrigin NFT Marketplace

    February 3, 2023

    Coinbase NFT Pauses Creator Drops on its Marketplace

    February 3, 2023

    Steve Aoki x Stoopid Buddy Announce Web3 Stop-Motion Series

    February 2, 2023

    Crypto Companies Continue Layoffs, Downsizing way into Jan 2023

    February 2, 2023

    PROOF of Conference: Everything You Need To Know

    February 2, 2023

    Rug Radio PFP NFTs With Cory Van Lew Mint on Monday 6th

    February 2, 2023

    Warner Music Group Announces Rhythm City Experience in Roblox

    February 2, 2023
    Get The FREE Exclusive Report
    CLICK HERE

    NFTevening is the biggest website for NFT news. We cover; breaking news, upcoming mints, plus, interviews with top NFT artists and projects. Put simply, we are the best place for new and experienced non-fungible token fans — making content fun & accessible

    Privacy policy
    Terms and conditions

    Article Categories
    • Blockchain games
    • Collectibles
    • Crypto Art
    • Guides
    • Interviews
    • Metaverse
    • Music
    • News
    • NFT Marketplaces and Tools
    • Sponsored Content
    • Top Blockchain Games
    • Top NFT Projects
    NFT Calendar
    • Today’s NFT Drops
    • Upcoming NFT Drops
    • Solana NFT Drops
    • NFT Calendar
    • NFT Calendar : Add Your NFT Event
    Get In Touch
    • Advertise (Media Kit)
    • Collaboration and Press Releases
    • Job Opportunities
    • About Us
    • Contact Us
    NFT Beginners Guides
    • How to Sell NFT Art
    • How to Create NFT Art
    • How to Display NFT Art
    • How To Make Passive Income With NFTs
    • Best Crypto Wallet
    • Best NFT Coins
    • Best NFT Rarity Tools
    • What is a DAO ?
    • What Are Crypto Gas Fees ?

    Type above and press Enter to search. Press Esc to cancel.