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top-crypto-news Banking and Payments

Mastercard partners with several Web3 companies and ensures that buying an NFT should be easier and more secure

June 11, 2022
Reading Time: 3 mins read
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Mastercard announced that it is working to enable NFT commerce with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway and Web3 infrastructure provider MoonPay.

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***

  • Mastercard wants users to use their cards to buy NFTs
  • The company partnered with several Web3 companies.
  • He says he believes buying an NFT should be “easy and safe.”

Mastercard, the payments and credit card giant, has some new news regarding its foray into the world of tokens no fungibles (NFT) y laWeb3: now partnered with several companies.

It should be remembered that Mastercard in April this year filed several applications for registration of its trademarks in the metaverse before the United States Patent and Trademark Commission . The requests were 15 in number, and related to a range of services and offerings related to NFTs and virtual worlds, which the company could potentially offer.

Now the new announcement shows that these are not just plans, but realities.

In a blog post published yesterday by Raj Dhamodharan, executive vice president of Blockchain, Mastercard he said: “ We are pleased to announce that we are working to enable NFT trading con Immutable a property that defines the inability to be changed, especially over time. X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway y el proveedor de infraestructura Web3 MoonPay”.

Compra de NFT sin necesidad de cripto

Dhamodharan added:

We are working with these companies to allow people to use their Mastercard cards for NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. purchases, either on one of these companies’ marketplaces or using their crypto services. With 2.9 billion Mastercard cards worldwide, this change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. could have a big impact on the NFT ecosystem.

He stressed that this will allow a direct purchase with fiat fiat currency is “legal tender” backed by a central government, such as the Federal Reserve, and with its own banking system, such as fractional reserve banking. It can take the form of physical cash, or it can be represented electronically, such as with bank credit. money:

Buy the NFTs non-fungible token, a unique non-interchangeable piece of digital content that is stored on a distributed ledger (blockchain). you want on the market an area or arena, online or offline, in which commercial dealings are conducted. of your choice. No need to buy cryptocurrencies first.

The company goes on to explain: “These NFT marketplaces represent a large breadth of the burgeoning NFT space, which generated more than USD $25 billion in sales in 2021, from art to sports, video games, collectibles and metaverse a metaverse is a digital universe that contains all the aspects of the real world, such as real-time interactions and economies. It offers a unique experience to end-users. platforms. These markets are also home to sales from some of the biggest names in NFT.

He adds that with the help of these companies, “Mastercard’s growing adoption of Web3 adds to our existing work in bringing our payment network a network refers to all nodes in the operation of a blockchain at any given moment in time. to Coinbase’s new NFT marketplace, which opened to all Coinbase is an American company that operates a cryptocurrency exchange platform. users in May. Overall, these integrations are designed to make cryptocurrencies more accessible and help the NFT ecosystem continue to grow, innovate and attract more fans.”

What people want

According to the company, “that’s exactly what people want.” He indicated that a new survey of Mastercard survey involving more than 35,000 people in 40 countries found that 45% had purchased an NFT or would consider doing so, y aproximadamente la mitad buscaba más flexibilidad: poder pagar con criptomonedas las compras diarias o use a credit or debit card to purchase an NFT .

“We are also applying our full suite of capabilities to strengthen customer security, giving people protections similar to those they enjoy when they transact in-store or online with a Mastercard. We are using our cybersecurity tools to enhance security the term securities refers to a fungible and tradable financial instrument that carries a type of monetary value. and protect user data for purchases people make with a Mastercard.”

Sources: Note from Mastercard , Cryptoglobe, archivo

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Image designed based on a photo of Unsplash

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