certify
Home arrow Article arrow Article Detail

Mastercard and Hi launch customized debit cards

Profile Image

Joyashree Dey Follow

INDIA

Sep, 29 2022

Sep, 29 2022

likes | comments 0

Article Image

On September 26, the financial services provider Mastercard announced a partnership with cryptocurrency and fiat exchange hi to launch a debit card that users can customize with their own NFT avatars. 


“Not only do the NFT cards look amazing, this is a great way for people to show which online community they belong to, but in the real world,” Sean Rach, co-founder of the deliberately lowercase hi, said in a statement.  


More than 25 European countries’ customers will be qualified for the card, Mastercard said, however, the debit card can be utilized by any trader in the world that accepts Mastercard payments.  


The members of Hi will have access to 6 variants of the customizable debit card, which clients get access to by staking the HI token. According to the press release, Hi members in the gold tier are qualified to get custom debit cards 


HI — the token — isn’t right now accessible on centralized exchanges in the US, like Coinbase, but clients can buy the token through decentralized exchanges and Coinbase Wallet.   


The hi and Mastercard teams are wagering on NFT holders’ urge to display their status, even as interest in many collectibles is by all accounts lessening 


There is a limited number of NFT collection options from which the cardholders can choose for their card avatar, like CryptoPunks, Goblins, Bored Apes, and Azukis. 


“As consumer interest in crypto and NFTs continues to grow, we are committed to making them an accessible payments choice for the communities who wish to use them,” Christian Rau, senior vice president of crypto and fintech enablement at Mastercard, said in the statement.  


Mastercard has shown interest in the developing digital asset space lately. In 2021, the company revealed its plans to permit users to earn cryptocurrency rewards through its loyalty program. 

 

In June 2022, the financial giant collaborated with Coinbase to allow payments for NFTs through the exchange.  


Coinbase was basically an on-ramp for crypto for many, many users. Millions of people were able to access bitcoin for the first time by using Coinbase,” Prakash Hariramani, Coinbase senior product director for payments and commerce, said in a statement at the time. “So we want to do the same thing for NFTs with Mastercard by solving the pain points — to make it as easy as possible to buy an NFT and make sure it’s the best consumer experience.” 



likes | comments 0

Profile Image

Joyashree Dey

CBW - External Analyst

INDIA

Comments
Data Centre Construction - World First artificial intelligence AI-Tech Utility Token
banner
Article
Avalanche to Boost Alibaba Cloud Services in Asia

A division of Alibaba, the world's largest e-commerce corporation, Alibaba Cloud, plans to upgrade its cloud infrastructure technology to support Alibaba Node-as-a-Service...;

Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.