Mastercard Teams Up with Coinbase to Simplify NFT Purchases

A New Era for NFTs and Payment Methods

Mastercard has made headlines with its recent partnership with Coinbase, which aims to simplify the purchasing process for nonfungible tokens (NFTs). Starting soon, users on Coinbase’s forthcoming NFT marketplace will be able to use their Mastercard credit cards to snag these digital delights. This move signifies a major shift in the accessibility of NFTs, aligning with the mantra that anyone, and yes, we mean anyone, should be able to jump into the NFT pool without needing to learn how to swim in a crypto wallet.

What’s in a Name? NFTs as Digital Goods

Raj Dhamodharan, Mastercard’s executive vice president of digital asset and blockchain products, explained that NFTs will be categorized as