Big News today, Coinbase is the largest crypto broker in the United States. They provide a safe and easy way to buy, sell, trade, and store cryptocurrency all in one place. Under their trading platform GDAX, users can access liquidity for both crypto and fiat currencies such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). Users can also buy Bitcoin directly from Coinbase.
They have been discussing their eventual launch of an NFT platform that will likely blend the best elements of Nifty Gateway and OpenSea to provide a great fiat buying experience for NFT collectors. Today they announced a partnership with Mastercard to make that vision happy.
Our mission at Coinbase is to increase economic freedom in the world. By enabling more people to join the creator economy and profit from their work, NFTs (Non-Fungible Tokens) have an important role to play in this mission. However, the experience of purchasing an NFT remains complex for many users.
Coinbase wants to simplify the user experience to allow more people to join the NFTs community. Just as we helped millions of people access Bitcoin for the first time in an easy and trusted way, we want to do the same for NFTs.
That’s why we’re working with Mastercard to classify NFTs as “digital goods”, allowing a broader group of consumers to purchase NFTs. And, coming soon we’ll “unlock” a new way to pay using Mastercard cards.
Coinbase recently announced Coinbase NFT, a peer-to-peer marketplace that will make minting, purchasing, showcasing, and discovering NFTs easier. Thanks to our work with Mastercard, we’ll be able to provide a better customer experience on Coinbase NFT, and plan on working to find ways to bring this opportunity to the broader ecosystem through Mastercard’s scale and global network.
We applaud Mastercard’s leadership on this issue to make it as easy as possible to buy an NFT and make sure it’s the best consumer experience.
This will be huge and onboard a massive number of NFT Collectors as the projects continue into the mainstream.
Nifty Gateway already has this capability.