Global payment services provider Mastercard has partnered with European crypto platform Hi to launch a customizable debit card in which members with Gold tier can personalize the face of their debit cards with their preferred NFTs. Gold tier can be obtained by staking a minimum of 100,000 HI tokens, which corresponds to approximately $4,600 USD at the time of writing.
Cardholders are allowed to spend in fiat, stablecoin or any cryptocurrency they hold and are accepted at any Mastercard payment location. Other features like hotel credits or cashback offers and discounts on Netflix and Spotify subscriptions were also offered when users reach a certain membership level.
CryptoPunk, Moonbirds, Goblintown, Bored Ape Yatch Club (BAYC), and Azuki are NFT collections that are supported now. Owners of these NFTs must be a Gold member and then verify their ownership of the NFT with the platform to receive a customizable card. In addition, the card is only available in the 25 countries of the European Economic Area (EEA) and the UK.
In fact, amidst the crypto market downturn, most of the “blue chip” NFT collectibles have seen a sharp drop in price, however, according to NFTGo data, they have been showing signs of increasing since September 12.
Mastercard is one of the rare traditional financial giants that are getting more and more crypto-friendly. It has also partnered with Immutable X, The Sandbox to enable simplified and safe NFT purchases using fiat; and with Coinbase to enhance the NFT buying experience.
Follow our channels for more crypto news:
- Cryptory Insights: https://t.me/CryptoryInsights
- Cryptory Global Community: https://t.me/CryptoryCommunity
- Facebook: https://www.facebook.com/CryptoryNetwork
- Twitter: https://twitter.com/CryptoryNetwork