Mastercard And hi Release NFT Debit Cards

Ayush Pande
27.09.2022
According to Sean Ranch, hi's Co-Founder, “The flexibility to spend fiat, stablecoins or other crypto, combined with attractive financial and lifestyle rewards, makes us confident that our card is a game-changer in the market.”

Mastercard launched the world's first customizable NFT debit cards in partnership with hi, a European crypto exchange.

Popular NFT Collections On Debit Cards

The hi debit cards are compatible with plenty of NFT collections, including BAYC, Moonbirds, Azuki, CryptoPunks, Goblins, and more. These debit cards are supported by over 90M merchants worldwide. 

Mastercard aims to allow users to decorate their debit cards using their NFTs. Initially available to over 25 EEA countries and the UK, the firm claims users will need to verify their NFTs before they can customize their cards.  

The hi debit cards can be acquired by joining the waitlist by purchasing or staking 10 HI tokens.

NFT Customizability Only Available For High Tier Members

The hi debit card is available in six variants based on users’ membership tier: Basic, Black, Silver, Gold, Platinum, and Diamond. Only members with the Gold tier and above will be allowed to customize their debit cards.

To qualify for the Gold membership, one needs to stake at least 100K HI tokens. The crypto exchange claims that by staking more HI tokens, users can access some other benefits. These include feeless financial services, concierge and travel services, and so on.   

Mastercard And NFTs

This isn’t Mastercard’s first foray into the world of NFTs; earlier this year, the financial service corporation collaborated with Coinbase to allow users to directly purchase NFTs using their credit or debit cards. Moreover, Mastercard also partnered with the City of Miami to release 5K NFTs in July.

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