Credit card company Mastercard (NYSE:MA) has announced users of Coinbase’s upcoming nonfungible token (NFT) marketplace will be able to use their cards to make purchases as part of a new partnership.
In a Tuesday blog post, Mastercard executive vice president of digital asset and blockchain products Raj Dhamodharan said under the agreement, NFTs would be considered “digital goods” and could be purchased using a credit card. The measure is aimed at allowing non-crypto natives to get into NFTs without using a wallet and buying Ether (ETH) or other tokens.