​Hi and Polygon launch Mastercard’s customized NFT cards

What’s new? Hi, a financial application, with the support of Polygon, launched the platform for Mastercard’s debit card customization, announced in September. With it, holders can create non-fungible tokens (NFTs) from their own images and use them to customize the face of a Web 3.0 card. In addition, owners can pay with this card for purchases using cryptocurrencies or fiat at 90 million merchants around the world.

News on the Hi blog

What is known about the companies? hi was founded in January 2021. The platform is operated by hi Foundation, a Singapore-based non-profit organization. Through hi’s app, customers can trade fiat and cryptocurrencies, as well as earn income for storing digital assets

Formerly known as the Matic Network, Polygon is a secure Layer 2 (L2) and sidechain network powered by the Ethereum blockchain. Polygon’s main goal is to increase Ethereum scalability, reduce network load, reduce transaction fees, and create decentralized finance (DeFi) services.

Launch details. In addition to the ability to customize and personalize NFT cards, users get up to 10% cashback on various transactions, as well as discounts on digital subscriptions and a number of travel perks, such as discounts at hotels. The card can be topped up in euros and British pounds sterling using a personal International Bank Account Number (IBAN). At the moment the service is available to customers from 26 European countries.

Representatives of Hi note that thanks to cooperation with Polygon Studios, the process of creating NFTs is as simple as possible, in addition, the issue of tokens is not charged fees. To create an NFT, participants need to register on the Hi platform and place the required number of native tokens HI in staking. An amount equivalent to 10 EUR is sufficient to get a membership tier.

In October, Mastercard entered into a strategic partnership with Dubai-based crypto exchange BitOasis to launch a payment crypto card in the Middle East and North Africa. In the same month, Indian e-commerce giant Flipkart and eDao, a media company associated with Polygon blockchain, launched a joint project that allows customers to pay for purchases in the Flipverse metaverse.