18 January 2022

Coinbase to enable Mastercard payments for NFTs 

Written By FinTech Alliance

Coinbase to enable Mastercard payments for NFTs 

Coinbase has announced its new NFT (non-fungible token) marketplace will take Mastercard payments. 

In Brief:

Coinbase NFT will be a peer-to-peer marketplace for NFTs. 

Normally, people have to have cryptocurrency in a crypto wallet to purchase an NFT. 

Now, customers will be able to buy one directly with their Mastercard. 

What does this mean?

Coinbase and Mastercard are working to have NFTs classified as “digital goods” so that they can be purchased in fiat currency. 

Coinbase says on its blog: “Just as we helped millions of people access Bitcoin for the first time in an easy and trusted way, we want to do the same for NFTs.”

Mastercard comments: “We’re working to make NFTs more accessible because we believe tech should be inclusive. When more people are included in new technologies, it spurs innovation, helps economies grow and expands choices for consumers.”

Read more here. 

Up Next ...
20 May 2022

Spotlight on... Fátima Sani, xIQ

As many areas of  FinTech and financial services  remain male ...

20 May 2022

DivideBuy adds new Chief Commercial Officer from Barclaycard, GE Capital

Lending technology company DivideBuy has appointed Teresa Byrne as its ...

20 May 2022

MarketFinance raises £100mn financing from Deutsche Bank, eyes unicorn status

MarketFinance, a payments and credit FinTEch, has just raised £100mn ...

20 May 2022

Klarna set to seek funding as it reaches 150mn active customers

Buy now, pay later business Klarna has announced it’s reached ...

More in Payments

Square offers Afterpay for in-person purchases

19 May 2022

Square is offering buy now, pay later options from Afterpay ...

WhatsApp introduced peer-to-peer payments in India and Brazil

19 May 2022

 WhatsApp, owned by Meta, is rolling out P2P payments in ...

Zettle now works directly on Android devices

16 May 2022

PayPal owned payments business Zettle has revealed that businesses no ...

Adyen, Afterpay strengthen payments partnership

12 May 2022

Afterpay, the buy now pay later business known as Clearpay ...

White Papers Payments


03 March 2022

Thanks to the Ripple's innovative and advanced distributed ledger technology (DLT) and its capabilit...

Articles Payments

Payments 2025 & beyond

22 February 2022

The financial services industry is in the midst of a significant transformation, accelerated by the...

White Papers Payments

Stablecoins: risks, potential and regulation

20 December 2021

The technologies underlying money and payment systems are evolving rapidly. Both the emergence of di...

White Papers Payments

The Power of Pay Later

01 December 2021

In this executive briefing report, WWD Studios teamed up with PayPal to look at the rapid emergence...

The Future of Payments

The Future of Payments

22 June 2022

09:00 AM - 05:00 PM

No.1 Circle Square - Bruntwood SciTech, Symphony Park, Oxford Road, Manchester, North West England, M1 7FS

Payments Summit Europe 2022

Payments Summit Europe 2022

28 June 2022 - 29 June 2022

09:00 AM - 06:00 PM

Hilton Tower Bridge, 5 More London Place, Tooley Street, London, London, SE1 2BY