Mastercard is Working on Making NFT Transactions Easier

Mastercard has been growing increasingly interested in the crypto space and NFTs in the past few years. But now they’re making another significant move by allowing NFT purchases with cards on Web3 marketplaces, saying that “the process of buying an NFT needs to be easier and safer”.

In a nutshell:

• The payments processor is working with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway, and Web3 infrastructure provider MoonPay for the initiative.
• The effort will allow the purchase of NFTs without needing crypto first.
• Mastercard also said that a survey of 35,000 people showed that 45% had purchased an NFT or would consider doing so.

What it means:

• This could have a significant impact on the wider financial world if Mastercard makes it easier to purchase NFTs, especially without needing crypto first. With its wide network and vast array of resources, it could spur a new wave of NFT adoption.