Coinbase and Mastercard Have Partnered to Enhance the Experience of Purchasing NFTs

  • 26th Jan 2022
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Coinbase and Mastercard Have Partnered to Enhance the Experience of Purchasing NFTs

Coinbase & Mastercard - an exciting collaboration

Coinbase is an American company running a cryptocurrency exchange platform. It has recently launched Coinbase NFT, a peer-to-peer marketplace designed to simplify the process of minting, acquiring, exhibiting, and finding NFTs. Their collaboration with Mastercard will enable them to deliver a better user experience on Coinbase NFT.

This will also help them explore methods to extend this possibility to the entire ecosystem through Mastercard's size and worldwide network.

Expand economic freedom

Coinbase's mission is to expand economic freedom across the globe. NFTs (Non-Fungible Tokens) serve a critical role in this aim by letting more individuals to participate in the creative economy and earn from their efforts. However, for many consumers, the process of obtaining an NFT remains difficult.

Coinbase wishes to streamline the user experience in order to attract new members to the NFTs ecosystem.

Easy access to NFTs

Coinbase assisted millions of individuals in gaining access to Bitcoin for the first time in a simple and trustworthy manner and they aim to do the same for NFTs.

Ushering in the era of digital commodities

Coinbase is collaborating with Mastercard to categorize NFTs as 'digital commodities',  enabling for the purchase of NFTs by a larger number of users. Additionally, they will shortly 'unlock' a new method of payment utilizing Mastercard cards.


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Author

Suhas Kataria

Founder and CEO of Realspace Assets LLP, a seasoned industry hand with hands on work experience of more than 15 years’ in real estate. He has also managed to put in place a highly organised core team consisting of deal makers, real estate marketing professionals, computer programmers, web ... read more


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