The crypto exchange and mobile banking platform hi has partnered with global payment services provider Mastercard to launch the first non-fungible token (NFT) customizable debit cards. The new partnership will allow users to personalize the face of their debit cards with their preferred NFTs.
In a September 25 blog post, the crypto and fiat super app hi confirmed its new partnership with Mastercard to launch NFT customizable debit cards, offering users the chance to design their cards with NFT avatars.
Today, we are proud to announce that we’ve joined forces with @Mastercard to deliver the world’s first NFT Crypto & Fiat Debit Card.
— hi | Web 3 Neo-Banking (@hi_com_official) September 25, 2022
Crypto App “hi” And Mastercard Integration
Under the new partnership, users can add to the avatars some of the popular NFTs, including CryptoPunks, Apes, Goblins, or any other NFTs they own, as long as they comply with Mastercard design standards.
The new hi debit card will allow crypto enthusiasts to seamlessly spend fiat and digital assets, including $Hi, $BTC, $ETH, and $USDT, across over 90 million merchants accepting Mastercard payments.
Moreover, the new NFT-customized debit card will allow its members from the United Kingdom and Europe to deposit their paychecks directly into the card through their banks and split fiat in their favourite crypto.
The newly NFT branded cards will use the buy-now-convert-later functionality; thus, there is no need to convert digital assets into fiat. The applied functionality will allow customers not to miss out on potential returns from the crypto market.
While commenting about the crypto development, Sean Rach, the co-founder of crypto supper app hi, remarked:
“Not only do the NFT cards look amazing, this is a great way for people to show which online community they belong to, but in the real world.”
Mastercard NFT Push
In July 2022, Mastercard announced it would integrate its payment network into the web3 and allow its users to buy NFTs using debit and credit cards. The payment program aimed to make NFTs more accessible and help the NFT ecosystem keep growing, innovative, and bringing in more fans.
Its new partnership with crypto and fiat super app hi is a continuation mission of making non-fungible tokens (NFTs) and other digital assets more accessible to customers. The newly branded debit cards will promote NFTs and attract more fans.
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