MasterCard has launched customizable Null Token (NFT) debit cards, which allow cardholders with a limited collection of NFT logos to add artwork to the payment card.
The debit cards will be launched on September 26 in cooperation with the European kriptovalyutnyh exchange platform “Hi” which will allow its “gold” members to personalize their debit cards with the NFT they hold.
Gold membership with the platform is available for a minimum of 100,000 hi Dollars (HI), the platform’s base token, with a total value of around $4,600 according to CoinGecko data.
News! Today @hi_com_official It features the world’s first debit card NFT customization, allowing cardholders to customize the face of their card with an NFT avatar. Read here https://t.co/awNVowcsuG pic.twitter.com/A5xFsHlX0w
— Mastercard Europe (@MastercardEU) September 26, 2022
The cards allow spending in fiat money, stotocoin or any cryptocurrency the user holds and are accepted wherever MasterCard is available. Features like hotel credit, cash back incentives and discounts on Netflix and Spotify subscriptions are also considered perks of some membership levels.
Mastercard’s VP of crypto and fintech enablement, Christian Rau, said of consumer demand for NFTs and the crypto provider, the payment provider is “committed to making payment options accessible to the communities that want to use them.”
Certain NFT collections are supported including Cryptopunk, Moonbirds, Goblintown, Bored Up and Azuki, owners of these NFTs must be a Gold member with Hello and verify NFT ownership with the platform to receive their custom cards.
Furthermore, the cards are only available in 25 European Economic Area (EEA) countries and the United Kingdom.
Related: Innovation Drives NFT Adoption Despite Main Presence: NFTGo Founder
Most of the “blue-chip” NFT clusters have seen gains in value during the broader decline in crypto markets over the past few months, but data from NFTGo shows a steady rise in the performance of blue-chip NFTs since September 12. Large collections.
MasterCard has helped crypto payments go mainstream with support on its assets, even allowing MasterCard holders to buy NFTs by partnering with several NFT marketplaces in June.