Coinbase customers will be able to use Mastercard credit and debit cards to make purchases the crypto company’s upcoming NFT marketplace
Coinbase has announced partnership with Mastercard, the latest in a string of recent collaborations between payment and cryptocurrency titans. Coinbase stated three months ago that it will begin offering NFTs to its clients, a significant step aimed at a fast-growing sector with a market cap of more than $40 billion by 2021.
Coinbase clients will be able to use Mastercard credit and debit cards to make purchases on the crypto exchange’s future NFT marketplace as part of the arrangement. Coinbase has intentions to offer a platform for minting and buying NFT late last year. After the cryptocurrency skyrocketed in popularity over the last year.
Coinbase aims to make it easier for users to join the NFTs ecosystem by simplifying the user experience. Project aims to assist millions of people gain access to NFTs. As they helped millions of people gain access to Bitcoin for the first time in a simple and secure manner.
Mastercard’s Raj Dhamodharan said, “Attracting more people to engage more securely may be the best way to help the NFT market grow. Going beyond art and collectibles in many other areas,” said Mastercard’s Raj Dhamodharan.
“As an important step in this mission, we’re excited to announce today that we’re partnering with Coinbase to let people use their Mastercard cards to make purchases on Coinbase’s upcoming NFT marketplace,” said Mastercard.
“Coinbase was basically an on-ramp for crypto for many, many users. Millions of people were able to access bitcoin for the first time by using our platform. So we want to do the same thing for NFTs with Mastercard by solving the pain points — to make it as easy as possible to buy an NFT and make sure it’s the best consumer experience,” said Prakash Hariramani, senior director of product at Coinbase.