•Polygon has partnered with Mastercard and neo banking app hi to allow users to create a personalized, web3-focused NFT debit card.
• The card can be used at 90 million global merchants, and holders of the card can mint any personal NFT for the cover of their debit card with zero gas fees.
• 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. After this, they will be able to create custom cards using Polygon-based NFTs.
• Bitpay has expanded its crypto payment options by adding support for Polygon and MATIC following the upgrade. This allows consumers who use the BitPay App holder to spend other ERC-20 tokens such as USDC, DAI ETH, and WBTC on the Polygon Network
Polygon has teamed up with Mastercard and the Neo banking app hi to allow users to create a personalized NFT debit card focused on web3. This is a great way for users to take advantage of the benefits of both Polygon and Mastercard, while also being able to use their card to make purchases anywhere that Mastercard is accepted. Plus, with the added security of knowing your funds are backed by a major financial institution, this card is sure to give you peace of mind.
How the Card Works
The new card will use Mastercard’s payment network and its partners to enable users to make payments wherever Mastercard is accepted. Furthermore, users will be able to customize their cards with Polygon-based NFTs, allowing them to mint personal NFTs for the cover of their debit cards with zero gas fees.
This is an important development as it could bring widespread adoption of cryptocurrencies by granting access to millions of potential customers who are not familiar with digital assets or blockchain technology.
In addition, Bitpay has also announced its expansion of crypto payment options by adding support for both Polygon (MATIC) and Ethereum (ETH). This expansion allows merchants using Bitpay’s services to accept payments in more than 50 different ERC-20 tokens, including USDC, DAI, ETH, and WBTC on the Polygon Network.
This offers great potential for people who want to use other ERC-20 tokens such as USDC, DAI, ETH, and WBTC on the Polygon Network but were previously unable to do so due to limited acceptance from merchants.
Finally, there are some exclusive offers available through this partnership that are worth mentioning as well. For example, all new customers who apply and qualify will receive a free customized NFT credit or debit card along with a $50 gift card when they open an account. In addition, existing customers can receive additional rewards depending on how much they spend each month on their cards.
These offerings could potentially lead more people towards the adoption of cryptocurrency in general by providing incentives for engaging in cryptocurrency transactions that may have previously been seen as too risky or unfamiliar by many users.
All in all, this partnership between Mastercard and Polygon is extremely promising news for those interested in cryptocurrency markets around the world. It brings a greater level of accessibility to digital assets while also providing exclusive offers that incentivize customers towards usage and adoption of cryptocurrency payments over traditional payment methods such as bank transfers or credit/debit cards.
Furthermore, it enables users from around the world to mint personal NFTs for their debit cards at no cost — something that was previously impossible — thereby offering further opportunities for creative expression via digital art pieces embedded onto physical currency devices like never before! With such potential implications in sight, we can only wait in anticipation until this project comes to fruition!