Cryptocurrencies
You Won’t Need Crypto to Buy an NFT on Coinbase’s Marketplace
- Users can buy NFTs using Mastercard credit and debit cards
- Non-fungible tokens draw interests from more institutions
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Coinbase Global Inc. said it will let users make purchases on its planned NFT marketplace through their Mastercard Inc. cards -- without having to own cryptocurrency.
The largest U.S. cryptocurrency exchange announced the partnership with payment giant Mastercard on Tuesday, which aims at simplifying the experience of buying non-fungible tokens, the digital ownership certificates for goods such as art pieces, that have seen soaring popularity in the past year. Coinbase has accumulated more than 2.5 million people on its waitlist for its NFT platform since it announced the plan last October, making it a challenger to leading platforms such as OpenSea.