This article comes fromDecrypt, the original author:Andrew Asmakov
Odaily Translator | Nian Yin Si Tang
, the original author:AnnounceOdaily Translator | Nian Yin Si Tang
Payment giant Mastercard
Announce
, which will work with several NFT marketplaces to "bring its payment network to Web3," making it possible to purchase NFTs using its debit and credit cards.
According to a blog post, NFT marketplaces partnering with Mastercard include Immutable X, Candy Digital, The Sandbox, Mintable, Spring, and Nifty Gateway, as well as Web3 infrastructure provider MoonPay. The integration will enable users to purchase NFTs in an "easier and more secure" way by using debit or credit cards instead of cryptocurrencies to complete transactions.
These markets “generate more than $25 billion in sales in 2021 — from art to sports, video games, collectibles to metaverse platforms,” Mastercard said.“We’re working with these companies to allow users to use their Mastercard to buy NFTs, either on their NFT marketplaces or using their crypto services.” Raj Dhamodharan, Executive Vice President of Blockchain Products and Partnerships, Digital Assets, Mastercard express.According to Dhamodharan, 2.9 billion Mastercard cards have been issued globally, and “this latest move could have a significant impact on the NFT ecosystem.”
expressed a series of opinions
. Digital assets should not be seen as a threat, Dhamodharan said, but investor protections are important and Mastercard has sought to provide options in a safe and simple manner. The nature of cryptocurrency is unique in that it is a combination of technologies. He went on to say that from an investor's point of view, it is probably the most mature investment asset.
In addition, Dhamodharan also spoke highly of NFT, saying that after these asset classes in the encryption field, the next one to come out is NFT. NFT is a great invention that is currently being used in art. For creators, NFTs open up opportunities to sell their creations like never before.
secondary title
Provide more flexibility for users
Mastercard also said that by adding support for NFT direct purchases, the company will provide "services that people really want."The financial services provider cited its recent survey of more than 35,000 people in 40 countries. The survey found that as many as 45% of respondents have purchased or are considering purchasing NFTs.The study also found that about 50% of respondents support more flexible payment options, namely the ability to use cryptocurrencies for everyday purchases, or use credit or debit cards to purchase NFTs. The survey findings echo a recent survey by Deloitte, which similarly reflects an optimistic outlook for mass adoption of cryptocurrencies.
Recently, according to the cooperation between Deloitte and PayPal
investigative report
"Merchants Ready to Accept Cryptocurrencies," Three-quarters (75%) of U.S. retailers plan to accept payments in cryptocurrencies or stablecoins within the next two years. Additionally, more than half of large retailers with revenues of more than $500 million are currently spending $1 million or more on building the infrastructure necessary to make this happen.The survey was conducted between December 3 and December 16, 2021, among 2,000 executives from U.S. retail organizations across industries including cosmetics, digital, electronics, fashion, and food and beverage. About 85% of merchants surveyed said they expect cryptocurrency payments to be commonplace in their industry within five years.64% of merchants say their customers are very interested in paying with cryptocurrencies. Some 83% of retailers expect this interest to increase or increase significantly in 2022. Of retailers that have accepted cryptocurrency payments, 93% said the move had a positive impact on their customer metrics.
In fact, Mastercard’s exploration in the NFT field has already started, and this is not the first time the company has cooperated with the NFT market. Earlier this year, the company announcedPartner with Coinbase, aiming to simplify the buying process on its Coinbase NFT website, which went live in May.
