hi and Mastercard Introduce a Debit Card That Allows NFT Avatar Customization
TLDR:
- hi and Mastercard introduce a groundbreaking debit card that allows NFT avatar customization for eligible cardholders.
- This fusion of NFTs and traditional debit cards opens up a new realm of possibilities in the world of cryptocurrency and blockchain.
- Cardholders can personalize their card with NFT avatars they own and use it at over 90 million locations worldwide.
- The hi Debit Card offers various benefits, including cashback, digital subscription rebates, and instant funding options.
- The collaboration between hi and The Sandbox further expands the usage of this innovative card, marking a significant step in financial innovation.
The world of cryptocurrency and blockchain continues to evolve, bringing innovative solutions to financial services.
One such groundbreaking development comes from hi, the crypto and fiat financial app, in partnership with Mastercard.
They have introduced the world’s first debit card featuring NFT avatar customization, providing eligible cardholders with a unique opportunity.
The Fusion of NFTs and Debit Cards
The hi Debit Mastercard now allows eligible cardholders to customize their card’s appearance with an NFT avatar they verifiably own.
This marks a significant step in blending the world of NFTs with traditional financial tools.
Cardholders can enjoy this feature while making transactions at over 90 million locations worldwide where Mastercard is accepted.
Sean Rach, Co-founder of hi, emphasizes the dual advantages of this innovative card: “Not only do the NFT cards look amazing, this is a great way for people to show which online community they belong to, but in the real world.
We’re delighted to announce that we’ve partnered with @TheSandboxGame and will be enabling support for SAND as a spendable currency.
— hi | Web 3 Neo-Banking (@hi_com_official) October 24, 2023
Starting Oct 26, 2023, eligible cardholders can use their hi Debit Mastercard to spend BTC, ETH, USDT and now SAND at 90m+ merchants worldwide,… pic.twitter.com/fAZYTVpPf7
“The flexibility to spend fiat, stablecoins or other crypto, combined with attractive financial and lifestyle rewards, makes us confident that our card is a game-changer in the market.”
Mastercard’s Christian Rau, Senior Vice President of Crypto and Fintech Enablement, underscores the commitment to making crypto and NFTs accessible as a payment choice.
He states, “As consumer interest in crypto and NFTs continues to grow, we are committed to making them an accessible payment choice for the communities who wish to use them.
“We are proud to be working with hi to continue to drive innovation in the market and enable these customizable cards together with the safety and security you’d expect from Mastercard.”
Debit Card Highlights
The hi Debit Card offers several exciting features that cater to the needs of crypto enthusiasts:
- Available in six variants with varying benefits based on your hi membership tier.
- Allows spending in fiat, stablecoins, and other cryptocurrencies at any Mastercard merchant worldwide.
- Offers cashback rewards ranging from 1% to 10% on spending.
- Provides rebates on digital subscriptions.
- Supports instant funding via SEPA or FPS with Euros or British Pounds using a hi personal IBAN.
- Guarantees the best exchange rates and includes perks at partner 5-star hotels globally.
However, the standout feature is undoubtedly the NFT avatar customization for Gold members and above.
Eligible cardholders can personalize their card’s face with an NFT avatar that they own, provided it adheres to Mastercard’s card design standards.
NFT Customization Eligibility
Gold members and above are eligible for NFT avatar customization on their hi Debit Cards.
This feature supports a limited range of NFT collections, including CryptoPunks, Moonbirds, Goblins, Bored Apes, and Azukis.
To apply for card customization, NFT owners must verify their ownership of the NFT.
The hi Debit Card will be initially available to hi members in more than 25 EEA countries and the UK.
With the introduction of NFT avatar customization, hi is taking a significant step towards marrying the blockchain world with traditional finance.
In addition to the NFT avatar customization, hi is collaborating with The Sandbox, a decentralized gaming virtual world, to enable cardholders to transact with $SAND, thus expanding the usage of the hi Debit Card.
The Future of Financial Innovation
The hi Debit Mastercard is at the forefront of financial innovation, allowing NFT avatar customization on the card’s face and offering members the convenience of spending their digital and fiat assets worldwide.
With attractive rewards and lifestyle benefits, it represents a new era in financial services. For more details about the hi Debit Card, visit here.
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