Mastercard the giant payments system brings good news for crypto ecosystem

They said that they will begin enabling non-fungible token or NFT trading for a range of crypto-ecosystem platforms,

Certainly the “gas-free” marketplace are;

  • Immutable X
  • Candy Digital
  • The Sandbox
  • Mintable
  • Spring
  • Nifty Gateway
  • MoonPay

On their official website, they announce the news;

“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 have a big impact on the NFT ecosystem. Buy the NFTs you want on the marketplace of your choice. No need to buy crypto first.”

Moreover, Raj Dhamodharan, the firm’s Executive Vice President of Blockchain Digital Asset Products and Partnerships shows a survey data;

From the survey he finds among Mastercard users (“35,000 people in 40 countries”),

Which found that 45% of customers “had purchased an NFT or would consider doing so,”

With “roughly half” wanting the ability “to pay with crypto for everyday purchases.”

Furthermore, The Executive Vice President concluded that Mastercard saw

The “enormous potential” in the NFT market,

Besides, he said that the payments provider was

“looking forward to continuing our work with all these companies to make sure this market can become even more welcoming, accessible, and easy.”

Therefore, they believe that this is will be the right decision to do.