BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
SUBSCRIBE
BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
BlockNews.com
No Result
View All Result
Home Business

Mastercard Launches the First Debit Card with NFT Customization featuring Bored Apes and Moonbirds

BlockNews Team by BlockNews Team
September 29, 2022
in Business, Media, NFT
Reading Time: 3 mins read
A A
Mastercard-With-NFT's-On-Them
1
SHARES
13
VIEWS
Share on TwitterShare on Reddit

Mastercard debuted NFT-enabled debit cards that users can fully personalize. Cardholders who own NFT collections (supported by Mastercard) can add them to the card. Well-known collections such as Bored Ape, Goblintown, CryptoPunk, Moonbirds, and Azuki are supported in Mastercard.

You might also like

Around The Block – MAR 24 Week in News

Web3 Needs its ‘WordPress Moment’ to Speed up Positive Disruption

UK to Mandate Declaration of Crypto Holdings in Tax Forms

While this is a neat new feature, only specific NFT avatars and art pieces approved by Mastercard will only be available. This verification allows the company to verify the owner and authenticity of the NFT.

The announcement came on September 26 with a partnership between Mastercard and the European cryptocurrency exchange platform, hi. The debit cards are available for premium Gold forum members who can customize their debit cards with an NFT they own.

Debit Cards and NFTs

To become a Gold member of hi, the person must stake 100,000 hi Dollars (HI). According to data from CoinGecko, that amount is worth roughly $4,600.

The cards can be used in any shop as long as Mastercard is accepted and can be used to spend fiat money, cryptocurrency or stablecoins. As perks, some membership levels also offer benefits like Netflix discounts, Spotify price slashes, cash back incentives, and hotel credits.

Christian Rau, Vice President of Crypto and Fintech Enablement at Mastercard, said that as interest in NFTs and crypto grows among buyers, the company is “committed to making them an accessible payment choice for the communities who wish to use them.”

Also, the cards are only available in 25 European Economic Area (EEA) countries and the UK.

NFT Still Going Hot Despite Lower Value

Most of the blue-chip collections lost value since the start of 2022 as crypto markets went down. However, NFTGo data shows that the performance of blue-chip NFTs has been slowly rising since September 12, which could bring new interested buyers into the market.

Mastercard’s support for crypto assets has helped bring them into the general audience and social media platforms. In June, the payment company partnered with several NFT marketplaces to make it possible for Mastercard holders to buy NFTs.

It seems as if large companies are also unfazed by the current state of the crypto market and the massive volume trading depression in NFT marketplaces. They see this period of fear as a significant opportunity to buy into the NFT industry and take advantage of it.

Brands including Nike, F1, Dolce & Gabbana, and UFC have been outspoken about their support and production of NFTs for a new breed of consumers. While the debate on non-fungible tokens as a fad or a valuable long-term asset is still ongoing, the interest in blockchain items is getting more attention from the mainstream crowd.

Other payment apps like PayPal and Maya already include Bitcoin wallets for faster transfers between crypto exchanges and digital fiat. Mastercard Europe announcing its support for NFT collections and allowing its users to customize their cards with the artworks they purchased provides a better opportunity for blockchain technology to expand to a larger market.

If the NFT inclusion for Mastercard Europe becomes successful, it will not be long until American, Asian and Oceanian branches follow.

Tags: BlockchainNFTNFTsWeb3
TweetShareShare

Recommended For You

Around The Block – MAR 24 Week in News

by BlockNews Team
March 24, 2023
0
Around the Block

Introduction In this recap of the crypto world, we will explore the events and news that had the most significant impact in the past week of March 20th....

Read more

Web3 Needs its ‘WordPress Moment’ to Speed up Positive Disruption

by BlockNews Team
March 24, 2023
0
quicknode

QuickNode is leading the charge as Web3 is poised to revolutionize the world, but it needs its "WordPress moment" to accelerate positive disruption. Blockchain technology can upend manual-intensive...

Read more

UK to Mandate Declaration of Crypto Holdings in Tax Forms

by BlockNews Team
March 24, 2023
0
parliment

The government hopes to close regulatory gaps and stop illegal operations by enacting rules that address various parts of the industry. The requirement to disclose cryptocurrency holdings in...

Read more

The Fed Increases Interest Rates By 25 Basis Points- Impact On Crypto Prices

by BlockNews Team
March 24, 2023
0
The Fed Increases Interest Rates By 25 Basis Points- Impact On Crypto Prices

Crypto prices display rapid fluctuations as the U.S. Federal Reserve hikes interest rates by 0.25%. Investors remain upbeat about the medium-term outlook of Bitcoin and the wider crypto...

Read more

Telegram Enables USDT Stablecoin Payments on the Tron Network

by BlockNews Team
March 24, 2023
0
Telegram

Telegram integrates USDT-TRON (TRC20) into its platform, allowing users to send the stablecoin to their contacts seamlessly and without transaction fees. Telegram's venture into cryptocurrencies began with the...

Read more
Next Post
Stablecoins

The American Government Plans to Ban Algorithmic Stable Coins for Two Years

Related News

FTX-Site

FTX Announces Faster V2 Trading Platform To Launch in November

October 13, 2022
ETH

Does The Merge make Ethereum more vulnerable to malicious attacks

September 14, 2022
usdc

$USDC Loses Its Peg And Then Finds It Again –  Will Avert UST’s Fate?

March 13, 2023

Browse by Category

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized
BlockNews.com

BlockNews.com brings you the most important Crypto and NFT news in the space.

CATEGORIES

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized

RECENT POSTS

  • Around The Block – MAR 24 Week in News March 24, 2023
  • Web3 Needs its ‘WordPress Moment’ to Speed up Positive Disruption March 24, 2023
  • UK to Mandate Declaration of Crypto Holdings in Tax Forms March 24, 2023

© 2022 BlockNews.com - Crypto and NFT news website by JRNY Club.

No Result
View All Result
  • Home
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides

© 2022 BlockNews.com - Crypto and NFT news website by JRNY Club.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?