Coinbase and Mastercard Joins Forces to Support NFT Purchase

​Coinbase's mission 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 the company helped millions of people access Bitcoin for the first time in an easy and trusted way, Coinbase wants to do the same for NFTs.

That's why Coinbase is working with Mastercard to classify NFTs as "digital goods", allowing a broader group of consumers to purchase NFTs. And, coming soon Coinbase will "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 its work with Mastercard, Coinbase will 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.

Coinbase applauds 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. The NFT revolution is just beginning.