World-renowned credit card company Mastercard and the crypto exchange platform Coinbase recently announced their partnership. The announcement reveals that Coinbase is developing and launching a non-fungible (NFT) marketplace, and users who purchase from there will be able to use their cards.
Raj Dhamodharan, Mastercard’s executive vice president of digital asset and blockchain products, said in a blog post last Tuesday that under this new agreement they’ve formed with Coinbase, NFTs will be considered as “digital goods.” As a result, crypto enthusiasts can easily purchase NFTs using their credit cards. The partnership aims to provide non-crypto natives a chance to purchase NFTs even without a crypto wallet or having coins prior.
Coinbase initially announced its NFT marketplace, Coinbase NFT, back in October. Since then, over 1 million people have already listed their names on the waiting list. The upcoming NFT marketplace will be available to users from the United States first before opening its doors to other countries.
