Cointime

Download App
iOS & Android

Mastercard and Polygon Partner to Create Personal NFT Debit Cards

Validated Project
  • 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!

Comments

All Comments

Recommended for you

  • Michael Saylor Releases New Bitcoin Tracker Information

    On July 5, Strategy founder Michael Saylor released new information regarding the Bitcoin Tracker. He stated, 'Bitcoin is digital energy.' Following previous patterns, Strategy typically discloses information about increasing Bitcoin holdings the day after related announcements.

  • BTC Falls Below $63,000

    Market data shows that BTC has fallen below $63,000, currently priced at $62,978.8, with a 24-hour increase of 0.24%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Vitalik: Ethereum to Complete Major Third Iteration in Next 5 Years, Quantum Resistance and Privacy as Primary Goals

    On July 5, Vitalik Buterin announced that Ethereum researchers finalized the 'Streamlined Ethereum' roadmap during a conference in Berlin. This is not a one-time upgrade but a series of forks over the next 3 to 4 years (starting from 'I-star'), which will mark the third major era of Ethereum, almost replacing all core components. Core changes include: verification shifting from direct execution to recursive STARK; consensus introducing 1-2 rounds of finality for faster and safer transactions; multi-dimensional Gas pricing; and a complete replacement of existing solutions with quantum-resistant cryptography. The most disruptive change is the state model—current dynamic states only expand to about 2TB, while introducing new scalable states like UTXO and circular buffers, with a total scale reaching up to 100TB, suitable for ERC20/NFT/DeFi, potentially reducing transaction fees by over 10 times after the rewrite; complex applications (like Uniswap pools) will retain the old state without mandatory migration. However, the issue of who will store the 100TB state and the associated incentives has become a new focus of research. Privacy upgrades are now a primary design goal, with all new components needing to support quantum-resistant, intermediary-free privacy transactions. Formal verification will be fully implemented, and there is exploration into introducing RISC-V or leanISA as the underlying VM for the protocol, with EVM potentially becoming a feature at the compilation layer in the future. In terms of scalability metrics, Gas limits, Blob capacity, and block times will be increased multiple times over the next 5 years, with the Glasterdam fork set to significantly raise Gas limits first. In the order of forks, H-star (Hegota) will be the last 'pre-streamlined' fork, after which Ethereum will fully enter the streamlined era. Through this complex yet smooth transition, Ethereum is moving towards a quantum-resistant, massively scalable, privacy-first new network while maximizing the protection of existing applications. This cautious disruption over the next five years has officially begun.

  • ETH Surpasses $1800

    Market data shows that ETH has surpassed $1800, currently priced at $1803.65, with a 24-hour increase of 3.76%. The market is experiencing significant fluctuations, so please ensure proper risk management.

  • BTC Surpasses $63,000

    Market data shows that BTC has surpassed $63,000, currently priced at $63,057.24, with a 24-hour increase of 1.18%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Bank of England Governor Bailey to Speak on Fiscal and Monetary Policy Coordination in Ten Minutes

    Bank of England Governor Bailey will deliver a speech on the issue of coordination between fiscal and monetary policy in ten minutes.

  • Solana Achieves $4.84 Billion in Spot Trading Volume for Tokenized Stocks This Quarter

    On July 3, it was reported that Solana broke multiple records in trading, revenue, and trading volume in the second quarter of 2026. In the tokenized stock sector, Solana's spot trading volume reached $4.84 billion this quarter, capturing over 96% market share. This volume far exceeded that of all other blockchains combined, marking the fourth consecutive quarter that Solana has led this sector, solidifying its dominant position. In terms of decentralized application revenue, the total dApp revenue for this quarter was $257 million, maintaining its lead over all Layer 1 and Layer 2 blockchains for the ninth consecutive quarter. Despite competitive pressure from peers, the enthusiasm of ecosystem developers and actual user demand remains strong. On-chain trading activity has surged, with daily, weekly, and monthly trading volumes all hitting new highs. The total number of non-voting transactions for the quarter approached 9.8 billion, with the overall network transaction volume rising to 59%, reaching an eleven-month high. The perpetual futures trading scale has seen a significant surge, with nominal trading volume for the quarter reaching $183 billion. GMTrade, Pacifica, and Jupiter were the main sources of trading volume, with GMTrade showing impressive growth in asset locking, cumulative trading volume, and protocol fees. The Phoenix platform also gained market recognition with its new features. Meanwhile, the Solana Foundation has proactively reduced its staking holdings, with the staking scale dropping to 4.92% of the total network staking, aiming to weaken its control over network validation and promote the decentralized and mature development of the validator ecosystem. Overall, even though the market is generally perceived to be at the bottom of a bear cycle, Solana's various innovative businesses and fundamental on-chain data are rising against the trend. If this quarter indeed marks the low point of the current market cycle, the existing performance will lay a solid foundation for long-term growth. The article also briefly mentions developments related to Solana's on-chain governance, the Grass rewards controversy, and future plans of the foundation's executives.

  • Venezuela's Largest Oil Refinery Resumes Operations

    On July 3, three sources reported that Venezuela's largest refinery, the Amuay refinery with a processing capacity of 645,000 barrels per day, has resumed operations after a power outage on Friday. It is currently processing approximately 140,000 barrels per day of crude oil, and the fluid catalytic cracking unit (FCC) has also restarted. Following two earthquakes last week that caused significant casualties, several refineries in Venezuela were affected by power outages. Additionally, sources indicated that the El Palito refinery, with a processing capacity of 146,000 barrels per day, has regained power, but staff have not yet been able to restart the production units.

  • US Bitcoin ETF Sees Net Outflow of 588 BTC Today, Ethereum ETF Records Net Inflow of 6,105 ETH

    According to monitoring by Lookonchain, today the US Bitcoin ETF experienced a net outflow of 588 BTC, with a total net outflow of 22,189 BTC over the past seven days. Meanwhile, the Ethereum ETF recorded a net inflow of 6,105 ETH, with a net outflow of 1,915 ETH over the past seven days.

  • Web3 data and AI company Validation Cloud completes $10 million in new round of financing

     Web3 data and AI company Validation Cloud announced a $10 million financing round from True Global Ventures. The company plans to use the funds to expand its AI products and achieve seamless access to Web3 data.