Mastercard Now Allowing Cardholders to Buy NFTs on Several Marketplaces

Payment giant Mastercard announced Thursday that its cardholders can now purchase NFT’s on various marketplaces without needing to purchase any crypto. They are working to enable NFT commerce with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway, and Web3 infrastructure provider MoonPay.

News comes nearly six months after first teaming up with Coinbase in early January. “With 2.9 billion Mastercard cards worldwide, this change could have a big impact on the NFT ecosystem,” according to Raj Dhamodharan, Mastercard’s executive vice president of digital asset and blockchain products and partnerships.

Mastercard recently surveyed a group of over 35,000 people in 40 countries and found that 45% had purchased an NFT or would consider buying one, the company said. In addition, Mastercard found that about half of those surveyed sought more flexibility and wanted to be able to pay with crypto for everyday purchases, or use a credit or debit card to buy an NFT.

Excited to see how this impacts the overall NFT market in the short term, if at all in a bear market.

Let us know your thoughts below.