{"id":48538,"date":"2022-06-10T12:03:34","date_gmt":"2022-06-10T10:03:34","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=48538"},"modified":"2022-06-10T12:03:34","modified_gmt":"2022-06-10T10:03:34","slug":"mastercard-proffers-easy-and-secure-nft-purchases","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/mastercard-proffers-easy-and-secure-nft-purchases\/","title":{"rendered":"Mastercard Proffers &#8216;Easy and Secure&#8217; NFT Purchases"},"content":{"rendered":"<p style=\"text-align: justify\">Financial services giant, <strong>Mastercard<\/strong>, is collaborating with several leading <strong>NFT<\/strong> marketplaces to offer, <strong>\u201ceasier and safer,\u201d<\/strong> buying of digital collectibles with its debit and credit cards.<!--more--><\/p>\n<p style=\"text-align: justify\"><strong>Non-fungible token (NFT)<\/strong> space is ballooning at full tilt. It has amassed an astronomical traction from celebrities, sports stars, media houses, global conglomerates as well as start-ups. The NFT sector has become a billion-dollar industry as the digital collectible marketplaces are witnessing tens of millions in sales every month. It is on pace to become a <strong>$80 billion<\/strong> industry by the end of 2025.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Mastercard is expanding its partnership with NFT marketplaces and <a href=\"https:\/\/twitter.com\/hashtag\/web3?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#web3<\/a> providers to simplify the process of buying NFTs. Now anyone can buy an NFT with their Mastercard, without having to buy crypto first.  Learn more: <a href=\"https:\/\/t.co\/YOf3wPZW55\" target=\"_blank\">https:\/\/t.co\/YOf3wPZW55<\/a><\/p>\n<p>&mdash; Mastercard News (@MastercardNews) <a href=\"https:\/\/twitter.com\/MastercardNews\/status\/1534986233113460742?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">June 9, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 style=\"text-align: justify\">The Era Of Bringing Payment Network To Web3<\/h2>\n<p style=\"text-align: justify\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-48545 size-full\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2022\/12\/2-6.jpg\" alt=\"Mastercard Proffers 'Easy and Secure' NFT Purchases\" width=\"1101\" height=\"336\" \/><\/p>\n<p style=\"text-align: justify\">Mastercard, one of the leading global payments &amp; technology company, that the company would enable NFT commerce with a variety of companies, including <strong>Immutable X<\/strong>, <strong>Candy Digital<\/strong>, <strong>The Sandbox<\/strong>, <strong>Mintable<\/strong>, <strong>Spring<\/strong>, <strong>Nifty Gateway<\/strong> and Web3 infrastructure provider <strong>MoonPay<\/strong>. Mastercard asserted that the key objective of the move is to <strong>\u2018bring its payment network to Web3\u2019<\/strong> and make buying NFTs possible with its debit and credit cards.<\/p>\n<p style=\"text-align: justify\">According to the official <a href=\"https:\/\/www.mastercard.com\/news\/perspectives\/2022\/simple-nft-purchasing-on-nft-marketplaces\/\" target=\"_blank\" rel=\"noopener\">press release<\/a>, the financial juggernaut will be deploying state-of-the-art cybersecurity tools and a <strong>\u2018full suite of capabilities to reinforce customer safety\u2019.<\/strong>\u00a0This will make the purchasing of digital collectibles more secure for beginners and less prone to phishing scams. In a statement, <strong>Raj Dhamodharan<\/strong>, executive Vice President of Digital Asset Blockchain Products &amp; Partnerships at Mastercard said,<\/p>\n<p style=\"text-align: center\"><em>&#8220;We\u2019re also applying our full suite of capabilities to reinforce customer safety, giving people similar protections to the ones they enjoy when making transactions in a store or online with a Mastercard card.&#8221;<\/em><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Excited to bring a safer, simpler way to experience one of the coolest things to come out of crypto\u2026<a href=\"https:\/\/twitter.com\/hashtag\/NFTs?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#NFTs<\/a> with <a href=\"https:\/\/twitter.com\/Immutable?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@Immutable<\/a> <a href=\"https:\/\/twitter.com\/CandyDigital?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@CandyDigital<\/a> <a href=\"https:\/\/twitter.com\/TheSandboxGame?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@TheSandboxGame<\/a> <a href=\"https:\/\/twitter.com\/mintable_app?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@mintable_app<\/a> <a href=\"https:\/\/twitter.com\/spring4creators?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@spring4creators<\/a> <a href=\"https:\/\/twitter.com\/niftygateway?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@niftygateway<\/a> + <a href=\"https:\/\/twitter.com\/moonpay?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@moonpay<\/a>\u00a0<a href=\"https:\/\/t.co\/jXNf8dqetx\" target=\"_blank\">https:\/\/t.co\/jXNf8dqetx<\/a><\/p>\n<p>&mdash; raj dhamodharan (@raj_dhamodharan) <a href=\"https:\/\/twitter.com\/raj_dhamodharan\/status\/1534989882300547088?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">June 9, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 style=\"text-align: justify\">Buying NFT Needs To Be Easier And Safer<\/h2>\n<p style=\"text-align: justify\"><img decoding=\"async\" class=\"aligncenter wp-image-48544 size-full\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2022\/12\/1-6.jpg\" alt=\"Mastercard Proffers 'Easy and Secure' NFT Purchases\" width=\"853\" height=\"359\" \/><\/p>\n<p style=\"text-align: justify\">As per a new Mastercard <a href=\"https:\/\/www.mastercard.com\/news\/perspectives\/2022\/digital-payment-landscape-2022\/\" target=\"_blank\" rel=\"noopener\">survey<\/a> of more than <strong>35,000 people<\/strong> in <strong>40 countries<\/strong> observed that <strong>45 per cent<\/strong> of the people have already purchased an NFT or would consider doing so. Among them, most of the users wanted more <strong>flexibility to pay with crypto<\/strong> for everyday purchases or <strong>using a credit or debit card<\/strong> to buy an NFT.<\/p>\n<p style=\"text-align: justify\">Damodharan noted that the company&#8217;s latest efforts are intended to build on the enormous potential of the NFT market, growing payment choices for consumers and expanding NFT communities. He believe that these <strong>integrations are designed to make crypto more accessible<\/strong> and help the digital artworks ecosystem to keep growing. He remarked,<\/p>\n<p style=\"text-align: center\"><em> &#8220;<span class=\"typography__heading--h5\">We believe the process of buying an NFT needs to be easier and safer.&#8221;<\/span><\/em><\/p>\n<p style=\"text-align: justify\">Recently, in an interview, <strong>Harold Bosse<\/strong>, VP of new product development and innovation at Mastercard, <a href=\"https:\/\/crypto-economy.com\/mastercard-executive-beamish-on-mass-crypto-adoption\/\" target=\"_blank\" rel=\"noopener\">said<\/a> that the mass adoption of crypto\u00a0based technology is not only imminent but\u00a0will happen <strong>sooner than expected.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial services giant, Mastercard, is collaborating with several leading NFT marketplaces to offer, \u201ceasier and safer,\u201d buying of digital collectibles with its debit and credit cards.<\/p>\n","protected":false},"author":21,"featured_media":48548,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74,112],"tags":[4761,5402,4909],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/48538"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=48538"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/48538\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/48548"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=48538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=48538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=48538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}