Mastercard announces a partnership with Coinbase

Mastercard has recently announced a partnership with Coinbase, the latest in a string of collaborations between various payment processors and cryptocurrency organizations.

Coinbase users will soon be able to utilize Mastercard debit and credit cards to successfully make purchases via the crypto exchange&39s future NFT marketplace as part of the arrangement. Coinbase had previously announced its intentions of developing a platform for minting and purchasing NFTs last year, which was mainly due to the fact that non-fungible tokens have since grown tremendously in terms of popularity and usage as of late.

Moreover, Coinbase officials stated that by partnering up with Mastercard, they essentially want to eliminate friction in the NFT purchasing process. Customers are now required to establish a cryptocurrrency wallet, purchase digital currencies, and then spend them on NFTs through an online marketplace. Meanwhile, Mastercard claimed that it wants to enable consumers to have more options for paying for NFTs in the future.