Hi, a cryptocurrency exchange and mobile banking platform, has teamed up with Mastercard, a global payment services company, to make the first non-fungible token (NFT) debit cards. Thanks to the new partnership, users will be able to put their favorite NFTs on the front of their debit cards.
In a blog post on September 25, the crypto and fiat super app hi announced a new partnership with Mastercard to launch NFT customizable debit cards. Users will be able to design their cards with NFT avatars.
“Hello” Integration of the Crypto App and Mastercard
Users can now add popular NFTs like CryptoPunks, Apes, Goblins, or any other NFT they own to their avatars, as long as they meet Mastercard’s design standards.
With the new hi debit card, crypto fans will be able to spend real money and digital assets like $Hi, $BTC, $ETH, and $USDT at over 90 million Mastercard-accepting stores.
Also, members in the UK and Europe will be able to deposit their paychecks directly into the new NFT debit card through their banks and split their fiat money into their favorite cryptocurrency.
The buy-now-convert-later feature will be used on the new NFT cards, so there will be no need to convert digital assets into fiat currency. Customers won’t miss out on possible returns from the cryptocurrency market because of the new functionality.
The co-founder of the crypto supper app hi, Sean Rach, had this to say about the growth of crypto:
“Not only do the NFT cards look great, but they are also a great way for people to show in the real world that they are part of an online community.”
NFT Push Mastercard
Mastercard said in July 2022 that it would connect its payment network to the web3 and let people use debit and credit cards to buy non-fiat currencies. The goal of the payment program was to make NFTs easier to get and to help the NFT ecosystem keep growing, coming up with new ideas, and getting more fans.
Its new partnership with the crypto and fiat super app hi is part of its ongoing effort to make non-fungible tokens (NFTs) and other digital assets easier for customers to get. The new logos on debit cards will make NFTs more popular.