Mastercard has launched customizable nonfungible token (NFT) debit cards, allowing some cardholders who own avatars from select NFT collections to add the artwork onto the payment’s card.<\/p>\n
The debit cards are made available through a Sept. 26 partnership with European cryptocurrency exchange platform, \u201chi\u201d allowing its \u201cGold\u201d members to personalize their debit cards with an NFT they verifiably own<\/p>\n
Gold membership with the platform is obtained by staking a minimum of 100,000 hi Dollar\u2019s (HI), the platform’s native token, a sum worth around $4,600 according to data from CoinGecko. <\/p>\n
The cards will allow spending in fiat money, stablecoins or any cryptocurrency the user holds and is accepted wherever Mastercard is available. Other features such as hotel credits, cash back incentives and rebates on Netflix and Spotify subscriptions are also touted as benefits of certain membership levels.<\/p>\n
Mastercard\u2019s Crypto and Fintech Enablement VP, Christian Rau said with consumer interest in NFTs and crypto growing the payments provider was \u201ccommitted to making them an accessible payments choice for the communities who wish to use them.\u201d<\/p>\n
A limited range of NFT collections will be supported including CryptoPunk, Moonbirds, goblintown, Bored Ape and Azuki, owners of these NFTs will have to become Gold members with hi and verify their NFT ownership with the platform to receive their custom cards.<\/p>\n
Additionally, the cards are available only within 25 European Economic Area (EEA) countries and the United Kingdom.<\/p>\n