Mastercard has announced the launch of a new category of debit cards that will come with the option to be customizable with non-fungible tokens (NFTs). Holders of NFT Bored Apes and Moonbirds will be able to add their avatars to the payment card. At this time, only limited NFT series can be featured on the Mastercard, but this program may add support for other series of digital collectibles in the future. Mastercard has partnered with European cryptocurrency exchange hi to make these cards available to its Gold members.
These special cards will allow its holders to spend fiat, stablecoins or any cryptocurrency in their possession.
“Not only are NFT cards amazing, but it’s a great way for people to show which community they belong to online, but in the real world. The flexibility to spend fiat, stablecoins or other cryptos, combined with attractive financial and lifestyle rewards, makes us confident that our card is a game-changer in the market,” hi co-founder Sean Rach said in an official post.
In June, Mastercard signed agreements with a total of seven new partners to open up NFT access through traditional card payments to help drive NFT commerce.
New Mastercard partners include metaverse reader The Sandbox as well as Immutable X, Candy Digital, Mintable, Spring, Nifty Gateway and MoonPay.
“As consumer interest in crypto and NFTs continues to grow, we are committed to making them an accessible payment choice for communities that want to use them,” said Christian Rau, Senior Vice President, Crypto and Fintech Enablement at Mastercard.
CryptoPunks, Goblins, and Azukis are other NFT series that can appear on the Mastercard.
NFT owners will be prompted to verify that they own the NFT in order to request card personalization.