This is the most recent strategic move by Polygon, which is attempting to become the face of gasless fees for NFTs.
Polygon blockchain has worked with the neobanking app hi and Mastercard to launch a platform that enables customers to generate web3-centric NFT debit cards.
NFT Debit Mastercard holders can spend crypto or fiat currency at 90 million retailers worldwide. Additionally, users can mint any personal NFT for the cover of their debit card at no cost.
“The Polygon team are true blockchain pioneers and we are excited to partner with them to explore new frontiers for Web3, particularly in the banking and payments space,” said hi co-founder Sean Rach.
This is the most recent strategic move by Polygon, which is attempting to become the face of gasless fees for NFTs. The Starbucks NFT loyalty rewards beta and new blockchain gaming features from Solana’s largest NFT marketplace, Magic Eden, are based on the Polygon blockchain.
While Ethereum has the biggest volume of NFT trades by blockchain, NFT transactions on Polygon increased by 1,648% from the first to second week of December, according to statistics from The Block’s Data Dashboard.
According to the statement, in order to qualify for an exclusive, users must download the hi app, create an account, and select a card level of Silver or higher. They will then be able to construct personalized cards using NFTs based on polygons. Users of this service are eligible for discounts on up to 20 digital subscriptions, travel perks, and 10% Spend Rewards.
“With every transaction, hi Debit Card holders in the EEA and UK will be able to earn Spend Rewards of up to 10%, get rebates on up to 15 digital subscriptions and get awesome travel benefits,” reads the announcement in part.
In September, Mastercard partnered with Hi to provide customisable NFT debit cards. As a result of a January cooperation between Mastercard and Coinbase, users of the company’s debit and credit card services are also allowed to acquire NFTs. However, the service is restricted to exclusive NFT collections, such as CryptoPunks and Bored Ape Yacht Club.
