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Coinbase And Mastercard Team Up For The NFT Marketplace

By
Reviewed by Rey B Cartojano

Coinbase is one of the oldest and most trusted crypto platforms in the market right now. They are known for their top-tier security and convenient transactions. And following their reputation, the crypto platform is making things more convenient to its userbase by making a deal with Mastercard. 

Coinbase X Mastercard

An announcement from Mastercard states that it will be partnering with Coinbase to make things easier for the upcoming NFT marketplace. This partnership will essentially allow card payments in the marketplace and directly buy any NFTs of your choosing using fiat currency.  The only requirement you need is that you must use your Mastercard debit or credit card during these transactions.

Coinbase-X-Mastercard

This is good news for Coinbase as well since they can help promote NFTs and convince a lot of people that they are “digital goods”. Making it more accessible to the masses will also ensure that a lot of sellers will be able to profit quite easily without much hassle. 

What is the NFT Marketplace?

For those that don’t know or for people who need a refresher, the NFT Marketplace isn’t an event or an actual location. An NFT marketplace is basically a platform where people can buy and sell NFTs using cryptocurrency.

There isn’t a single NFT marketplace but too many to mention. Think of them as websites where everybody can buy and sell digital assets. The problem is that a lot of them are limited by the coins used in the marketplace. Each NFT Marketplace only accepts certain coins which can make trading a hassle.

Mastercard seeks to remedy this problem by joining up with Coinbase making the NFT Marketplace more accessible and more convenient to a lot of people. 

Conclusion

A lot of saddening news has been happening recently regarding cryptocurrencies and digital assets like what happened with Bitcoin and legal issues Binance has with Pakistan. It’s good to know that things are starting to look good between Mastercard and Coinbase with the upcoming NFT marketplace. 

NFTS is becoming trendy lately and it’s good news for the crypto community to see trusted platforms like Coinbase partnering with popular financial services like MasterCard to make things easier for everybody. 

We hope this information will help you in your investment process, but this is not investment advice. Every investment carries risk, especially in this industry, so DYOR before making a decision.

ABOUT THE AUTHOR

Matt is a Certified Financial Planner® and investment advisor based in Columbia, South Carolina. He writes personal finance and investment advice for The Ascent and its parent company The Motley Fool, with more than 4,500 published articles and a 2017 SABEW Best in Business award. Matt writes a weekly investment column ("Ask a Fool") that is syndicated in USA Today, and his work has been regularly featured on CNBC, Fox Business, MSN Money, and many other major outlets. He’s a graduate of the University of South Carolina and Nova Southeastern University, and holds a graduate certificate in financial planning from Florida State University.

ABOUT THE AUTHOR

Matt is a Certified Financial Planner® and investment advisor based in Columbia, South Carolina. He writes personal finance and investment advice for The Ascent and its parent company The Motley Fool, with more than 4,500 published articles and a 2017 SABEW Best in Business award. Matt writes a weekly investment column ("Ask a Fool") that is syndicated in USA Today, and his work has been regularly featured on CNBC, Fox Business, MSN Money, and many other major outlets. He’s a graduate of the University of South Carolina and Nova Southeastern University, and holds a graduate certificate in financial planning from Florida State University.

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