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Mastercard Teams up with Coinbase to make NFT Purchases Easier

Mastercard Teams up with Coinbase to make NFT Purchases Easier

Financial service provider Mastercard will join the crypto exchange platform Coinbase to help customers purchase NFTs with fiat currency. 

While non-fungible tokens have been booming for the last couple of months, the processes of purchasing them are still tedious, or even unknown for some; especially those who try to buy NFTs from high-end collections such as the Bored Ape Yacht Club.

According to the blog post by Coinbase, the collaborative project will introduce users to the ins and outs of purchasing, selling, and trading NFTs. Likewise, there will be a new payment option that lets customers purchase non-fungible tokens via Mastercard credit and debit cards.

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Not only that, the collaborative efforts of both entities will look for ways of making virtual collectibles more formal by "classifying NFTs as 'digital goods', allowing a broader group of consumers to purchase NFTs." 

Coinbase is known to have a learning platform that pays a small fraction of crypto just for studying topics on, for instance, Bitcoin. By partnering with Mastercard, the two will try to make things easier for people interested in art-based digital assets.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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