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# Mastercard names new crypto partners for NFT payment service
- URL: https://btcpeers.com/mastercard-names-new-crypto-partners-for-nft-payment-service-2/
- Published: 2022-06-10T20:11:29.000Z
- Updated: 2023-09-24T15:26:06.000Z
- Author: John Williams
- Tags: NFT News, #saudu, #Import 2025-12-27 14:07

Mastercard has added a number of new [crypto](https://btcpeers.com/what-is-the-best-cryptocurrency-to-invest-in/) partners in a bid to ease access to NFT markets.

Raj Dhamodharan, an executive Vice President at the company, said in a June 9 statement that the firm had partnered with The Sandbox, Immutable X, Candy Digital, Nifty Gateway, Mintable, Spring, and MoonPay to simplify NFT commerce.

> We’re working with these companies to allow people to use their Mastercard cards for NFTs purchases, whether that’s on one of these companies’ marketplaces or using their crypto services, \[…\] With 2.9 billion Mastercard cards worldwide, this change could have a big impact on the NFT ecosystem.

The new partnerships aim to put an end to the current arduous process of purchasing an NFT, which involves first buying a cryptocurrency like Ethereum or Solana. Mastercard believes the process of buying NFTs should be safer and easier and insists that investors should *“buy the NFTs you want on the marketplace of your choice. No need to buy crypto first.”*

The payments giant is already working with Coinbase to support cash payments on its recently-launched NFT platform.

Following Mastercard’s NFT foray, another giant payment solution provider, Visa, is also considering embracing the NFT market after acquiring a CryptoPunk late last year. Meanwhile, MoonPay has already been offering NFT payment services to its partners since January.

Dhamodharan revealed in the blog post that a recent Mastercard survey sampling over 35,000 people across 40 countries suggested that 45% of the respondents own an NFT or would consider buying one, while about half are awaiting a more flexible mode of payment. He added:

> Overall, these integrations are designed to make crypto more accessible and help the NFT ecosystem keep growing, innovating and bringing in more fans.

Allowing cardholders to purchase NFTs directly is a giant stride in Web3-related services.