PURCHASE, N.Y.—Amid a wave of recent crypto partnerships, Mastercard has struck a non-fungible token (NFT) payments deal with Coinbase.
Coinbase customers will be able to use Mastercard credit and debit cards to make purchases on the crypto exchange’s upcoming NFT marketplace, CNBC said.
Late in 2021 Coinbase unveiled plans to launch the platform for minting and buying nonfungible tokens, which have exploded in popularity over the past 12 months.
“By teaming up with Mastercard, Coinbase executives said they’re looking to reduce friction in the NFT buying process,” CNBC reported. “Right now, that often requires customers opening up a crypto wallet, buying digital currencies, then spending those on NFTs in an online marketplace.”
Coinbase customers will be able to use Mastercard credit and debit cards to make purchases on the crypto exchange’s upcoming NFT marketplace, CNBC said.
Late in 2021 Coinbase unveiled plans to launch the platform for minting and buying nonfungible tokens, which have exploded in popularity over the past 12 months.
“By teaming up with Mastercard, Coinbase executives said they’re looking to reduce friction in the NFT buying process,” CNBC reported. “Right now, that often requires customers opening up a crypto wallet, buying digital currencies, then spending those on NFTs in an online marketplace.”
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