News Report
September 27, 2022

Mastercard collaborates with cryptocurrency platform hi to launch the world’s first customizable NFT debit cards

In Brief

Mastercard partners with crypto and fiat platform hi to create NFT-themed debit cards

The partnership brings us closer to the mass adoption of NFTs and cryptocurrency

The crypto and mobile banking platform hi has partnered with global payment services provider Mastercard to launch the first NFT customizable debit cards. Eligible cardholders can personalize the appearance of their card with an owned NFT avatar from top-tier NFT collections. 

A limited number of NFT collections will be available, including CryptoPunks, Bored Ape Yacht Club, Moonbirds, goblintown, and Azuki. These NFT owners will have to join the Gold membership with hi and verify their NFT ownership with the platform to obtain custom cards. The cards will be issued by Moorwand, a London-based payments solutions provider.

Sean Rach, the founder of hi, said the debit cards are “a great way for people to show which online community they belong to, but in the real world.” Besides sporting an NFT, the hi Mastercard also provides flexibility to spend fiat or cryptocurrency (supporting $HI, $BTC, $ETH, $USDT, and more), combined with financial and lifestyle rewards.

The holders can use the debit card at over 90 million Mastercard-friendly locations within 25 EEA countries and the UK. Holders will receive additional benefits, subject to the membership level at hi. Members can receive up to 10% back on spending and rebates on various digital subscriptions, including Spotify, Netflix, Disney+, and over 100 more.

Chris Oldfield, the co-founder of Fitburn, told Metaverse Post that every new partnership between crypto companies and traditional companies like Mastercard brings us a step further towards the mass adoption of crypto. 

“The option of personalization is yet another incentive for NFTs owners—since many of them are already wearing their Bored Apes T-shirts, for example. All in all, combining crypto with a world-known payment system will create new use cases for the former,”

Oldfield added.

Mastercard is active in its Web3 adoption and introduced an NFT payment service in June. Last month, the credit card provider partnered with Binance to bring cryptocurrency payments to over 90 million stores. Mastercard has also launched an NFT project with Miami City and TIME magazine.

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Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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Agne Cimerman
Agne Cimerman

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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