Coinbase & Mastercard Partner On NFT Purchases

January 18, 2022

Coinbase Global Inc (NASDAQ:COIN) announced on its blog Tuesday that it has teamed up with Mastercard Inc (NYSE:MA) to "revolutionize" the NFT purchase experience.

The cryptocurrency exchange said they are working with Mastercard to classify NFTs as "digital goods" to allow more consumers to purchase them. Also, the companies are working on a way of purchasing NFTs using Mastercard cards.

Coinbase recently announced its NFT marketplace, aptly named "Coinbase NFT," that will allow users to mint, buy and sell NFTs.

"Thanks to our work with Mastercard, we’ll be able to provide a better customer experience on Coinbase NFT, and plan on working to find ways to bring this opportunity to the broader ecosystem through Mastercard’s scale and global network," Coinbase said in its blog post.

Coinbase shares are down 3.5% Tuesday, while Mastercard shares are also down by 1%.

SOURCE: Investing.Com
IMAGE SOURCE: Reuters

THE METRO BUSINESS

Boost Your Immune And Sleep Better With These 6-Tips : Exercise Is Not Enough -Says Immunologist

Russia Says 963 Americans are Banned From Entering, Adds 26 New Canadians

The Space Industry Is On Its Way To Reach $1 Trillion In Revenue By 2040, Citi Says

Russia Likely Facing Uncrewed Aerial Vehicles Shortage, UK Says

Coinbase & Mastercard Partner On NFT Purchases

Top Stories

Biden Says First Shipments Of Baby Formula Flying In From Europe This Weekend

Monkeypox: 80 Cases Confirmed in 11 Countries, Says WHO

Singapore Startup Zilingo Fires CEO After Suspension

Europe Monkeypox Outbreak: Largest Count Ever In The Region As Cases Cross 100

Related Posts

What You Need To Know About Non-Fungible Tokens (NFTs)

NFT Marketplace Shuts, Citing 'Rampant' Fakes, Plagiarism Problem

World's 'First NFT Restaurant' To Open In New York City

Serious NFT ‘Hack’ Suddenly Sends Bitcoin, Ethereum, BNB, Solana And Cardano Sharply Lower

Courses you might like

Professional Certificate in Concepts in Creative Thinking, Reflection and Emotional Intelligence

Professional Certificate in Improving Performance Management through Quad Model

Professional Certificate in Public Relations Planning and Execution