Coinbase and Mastercard join hands to ease NFT purchase

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An NFT is a digital asset that uses blockchain technology to track the ownership of digital assets likean image, video, or in-game item.

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Coinbase is coming up with its own NFT marketplace soon. Coinbase will let you pay with Mastercard in its upcoming NFT marketplace

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Coinbase is partnering with Mastercard to allow card payments on its upcoming NFT marketplace.

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This means users will be able to directly purchase an NFT with fiat currency using their Mastercard credit or debit card, all without having to buy cryptocurrency first.

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Soon, Mastercard will classify non-fiat cryptocurrencies as a "digital good", which will allow a broader group of consumers to buy them.

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Coinbase's mission is to allow more people to join the creator economy and profit from their work.

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Coinbase is exploring the NFTs as a way of focusing on this goal. In order for an NFT to be successful, the NFT purchase experience must be seamless and simple.

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Coinbase wants to create a better user experience for crypto community members and allow them to easily connect with one another.

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Coinbase is a leading blockchain and crypto services company that creates trust in new, unknown technologies. Coinbase initiated a similar step with Bitcoin in past.

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Coinbase recently announced it will start accepting designs for NFTs before adding them to the marketplace.

Disclaimer: Cryptogurukul has no relationship to these projects, and there is no endorsement or investment advise. Please seek professional advice before taking financial risks.