Polygon Creates NFT Debit Card in Partnership with Mastercard and hi

Polygon blockchain has partnered with neobanking app hi and Mastercard to introduce a platform that allows users to create a personalized, web3-focused NFT debit card.

Holders of the NFT Debit Mastercard can spend either crypto or fiat currencies at 90 million global merchants. Users can also mint any personal NFT for the cover of their debit card with zero gas fees. The partnership is the latest strategic move by Polygon, which is trying to become the face of gasless fees for NFTs. The Polygon blockchain is the basis of the Starbucks NFT loyalty rewards beta and new blockchain gaming features from Solana's biggest NFT marketplace, Magic Eden.

While Ethereum maintains the highest NFT trade volume by blockchain, NFT transactions on Polygon have seen a rise of 1,648% from the first to the second week of December 2022 as per data from The Block's Data Dashboard.

According to the announcement, users who want to make the most of the new feature must download the hi app, open an account and choose a card level of Silver or higher in order to qualify for an exclusive.

Mastercard initially collaborated with hi in September to introduce customizable NFT debit cards. Users of the company's debit and credit card service are also able to buy NFTs as a result of a January partnership between Mastercard and Coinbase.

(Source: The Paypers)