Crypto platform hi will launch a debit card with Mastercard-based NFT avatars
The companies will partner with non-fungible token collections such as BAYC, CryptoPunks, and Moonbirds
27.09.2022 - 14:10
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What’s new? Crypto financial app hi has partnered with payments company Mastercard. As part of the partnership, the platform will issue debit cards that can be customized with non-fungible tokens (NFTs). Users with hi Gold status or higher can personalize the card with their NFT avatar, a feature that supports a limited set of collections: CryptoPunks, Moonbirds, Goblins, Bored Ape Yacht Club (BAYC), and Azukis.
What else is known about the product? The hi card will initially be available to customers in the UK and the 25 countries of the European Economic Area. It can be used to pay not only in fiat but also in cryptocurrencies.
NFT holders will be asked to prove ownership in order to apply for card personalization. The hi debit card will be issued by Moorwand.
According to hi co-founder Sean Rach, such cards will be “a great way for people to show which online community they belong to, but in the real world.”
What is known about hi? The company was founded in January 2021. The platform is operated by hi Foundation, a Singapore-based non-profit organization. With hi's app, customers can trade fiat and cryptocurrencies, as well as earn income for storing digital assets.
In August, NearPay launched a virtual crypto card along with a wallet available on iOS and Android. NearPay's platform allows you to use traditional financial instruments, such as a bank account or credit card, to send, receive and exchange cryptocurrencies.
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