Crypto Hotshots 2022 🔥♨️

Twitter Instagram Facebook Facebook Linkedin Youtube Spotify Medium Reddit Telegram
Voice of Crypto
  • VOC Explained
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Press Release
    • Sponsored
    • Global Crypto Events
  • Services
    • Content Marketing Services
    • Crypto Influencer Marketing
    • Advertise With Us
  • Know Us
    • About Us
    • VOC Team
    • VOC Vigilantes
    • Brands Who Trust Us
    • Contact Us
Reading: Mastercard, Candy Digital, The Sandbox, and Others Partner for NFT-enabled Payments
Share
  • bitcoinBitcoin(BTC)$27,722.00
  • ethereumEthereum(ETH)$1,766.09
  • tetherTether(USDT)$1.01
  • binancecoinBNB(BNB)$325.78
  • usd-coinUSD Coin(USDC)$1.01
  • rippleXRP(XRP)$0.434512
  • cardanoCardano(ADA)$0.362520
  • dogecoinDogecoin(DOGE)$0.076181
  • staked-etherLido Staked Ether(STETH)$1,761.59
  • matic-networkPolygon(MATIC)$1.11
  • Events
  • Videos
  • Podcast
Voice of CryptoVoice of Crypto
Aa
  • VOC Explained
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Press Release
  • Services
  • Know Us
Search
  • VOC Explained
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Press Release
    • Sponsored
    • Global Crypto Events
  • Services
    • Content Marketing Services
    • Crypto Influencer Marketing
    • Advertise With Us
  • Know Us
    • About Us
    • VOC Team
    • VOC Vigilantes
    • Brands Who Trust Us
    • Contact Us
Follow US
Copyright © 2023 Voice of Crypto. All Rights Reserved
Voice of Crypto > News > Mastercard, Candy Digital, The Sandbox, and Others Partner for NFT-enabled Payments
News

Mastercard, Candy Digital, The Sandbox, and Others Partner for NFT-enabled Payments

Okereke Inno
Last updated: 2023/03/14 at 11:26 AM
Okereke Inno Published June 13, 2022 March 14, 2023
Share
Sandbox

In a bid to expand access to the Non-Fungible Tokens market, MasterCard has announced crypto partners for NFT-enabled payments.

The announcement was made via a blog post published on the 9th of June. An executive vice president at MasterCard, Raj Dhamodharan, revealed to the public in a blog post that the company partnered with Mintable, The Sandbox, Spring, Immutable X, Nifty Gateway, MoonPay, and Candy Digital. 

Read more about NFTs here.

He said,

“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. With 2.9 billion Mastercard cards worldwide, this change could greatly impact the NFT ecosystem.”

According to MasterCard, a large chunk of the NFT space is represented by the NFT marketplaces. Likewise, the NFT marketplaces in 2021 sales generated more than $25 billion in categories such as collectibles, sports, arts, and video games. Also, the crypto partners will aid the expansion of the company’s adoption of Web3.

To purchase NFT on a crypto platform like Opensea, you will be required to find your crypto wallet. Also, you’ll be required to pay using tokens like SOL or ETH. However, with MasterCard, paying for NFTs is about to change. 

MasterCard recently launched an NFT platform and has worked closely with Coinbase, and both companies collaborate to enable cash payments on the MasterCard NFT platform. Similarly, after purchasing a CryptoPunk towards the end of 2021, Visa has been eyeing the NFT market. Also, MoonPay has been offering its partners NFTs payment service since the year began. 

Furthermore, Dhamodharan shared in the blog post that MasterCard carried out a recent survey and 35,000 people from 40 different countries participated in the survey. He added that the survey result showed that about 45% of respondents would consider buying an NFT or have bought an NFT. Also, the survey revealed that around 50% of respondents desired more flexibility in making payments for NFTs. 

He said,

“Overall, these integrations are designed to make crypto more accessible and help the NFT ecosystem keep growing, innovating, and bringing in more fans.”

Also, to reinforce customer safety when buying NFT with your card, MasterCard will be making use of the cyber security tools it employs when using your card for making purchases. Therefore, for first-timers and beginners, buying NFTs using their cards is safer and less susceptible to fraudulent activities. 

“We’re also applying our full suite of capabilities to reinforce customer safety, giving people similar protections to those they enjoy when making transactions in a store or online with a Mastercard card. We’re using our cybersecurity tools to boost safety and protect user data for purchases people make using a Mastercard card.”

 

You Might Also Like

Fate of TRX Amid SEC Crackdown on Tron

USDD Crash, after SEC Opens Investigations on Justin Sun

Arbitrum Airdrop to go Live Today, Know All About It

Bitcoin Price Possibly Targeting New ATH this Cycle?

Tether (USDT) Stability Makes it the Safest Stablecoin

TAGGED: NFT, Web3
Share this Article
Facebook Twitter Email Copy Link Print
Previous Article The-Most-Common-Crypto-Metrics-The-Beginner's-Guide The Most Common Crypto Metrics: The Beginner’s Guide
Next Article Decentralized Exchange What is Decentralized Exchange (DEX)? How Does DEX Trading Differ From CEX?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Binance

Follow US

Find US on Socials
Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Subscribe to our Newsletter

Get Newest Articles Instantly!

Ledger
Popular News
Web3 Shorthand
Web3 Shorthand: A Glossary for Crypto Newbies
Voice of Crypto Tron TRX
Fate of TRX Amid SEC Crackdown on Tron
Quick-Tips-To-Avoiding-A-Fake-Crypto-Wallet
Quick Tips To Avoiding A Fake Crypto Wallet

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Instagram Facebook Facebook Linkedin Youtube Spotify Medium Reddit Telegram
Voice of Crypto

Voice Of Crypto hits a beat with almost 15 million users, churning out the best news and content in the Web3, crypto and blockchain space

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

  • Advertise With Us
  • About Us
  • Privacy Policy

Copyright © 2023 Voice of Crypto. All Rights Reserved

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?