hi partners MasterCard to launch NFT customisable cards

Hi, a crypto exchange and mobile banking platform announced its partnership with MasterCard to release the first non-fungible token (NFT) customizable debit cards.

Today, we are proud to announce that we’ve joined forces with @Mastercard to deliver the world’s first NFT Crypto & Fiat Debit Card. 🧵

👉🏻 https://t.co/L7gvoJFj2C https://t.co/vOJUd7wiwL

— hi | Web 3 Neo-Banking (@hi_com_official) September 25, 2022

Customers of hi are allowed to customize the debit card they get from the brand using any NFT they own.

Mastercard is an international company that creates payment products to facilitate payments around the world. They have services that are currently accessible in over 210 countries. 

hi is a neobanking platform that allows crypto and fiat transactions which includes services for savings, investments, payments, and lifestyle benefits. It has 3.5 million people using the platform from 190 different regions of the world.

Spend Crypto, stablecoins, and fiat

Users of the hi Debit Card have access to six variants of the card which have different terms and conditions. These terms and conditions are tied to the membership status of the user. Membership is obtained by staking hi’s token.

Here’s a breakdown of the services available with the hi debit MasterCard:

• Transact with fiat, stablecoins and other cryptos with any Mastercard merchant worldwide
• Ability to find cards using SEPA or FPS with British Pounds or Euros with a hi personal IBAN
• Discounted 5-star hotel rates
• NFT Customisation for approved members and designs

Sean Rach, Co-founder of hi expressed his excitement about the development. He explained that the NFT customisation will allow customers express themselves online and offline. Sean also praised the spending options of fiat, crypto, and stablecoins of the card.

“As consumer interest in crypto and NFTs continues to grow,” Christian Rau of Mastercard added that the company will provide more flexible choices for their users. He also spoke about the importance of security and safety MasterCard has engineered with the card.

Read also;

MasterCard and Visa Pledges their Support for Binance amidst Regulators’ Issues

Bitcoin Won’t Be on the MasterCard Network – CEO Ajay Banga