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Polygon Partners With hi And Mastercard On Web3 Debit Cards

Altszn.com by Altszn.com
December 24, 2022
in Web3
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Polygon Partners With hi And Mastercard On Web3 Debit Cards
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Owners of the NFT Debit Mastercard can make purchases at 90 million businesses worldwide using cash or cryptocurrency. Users can also mint any personal NFT collections for their debit card’s cover at no additional cost for gas fees.

Hi, a Web3 Neo-Banking platform, and Mastercard have announced a collaboration with Polygon Blockchain. The businesses work together in order to give users the freedom of expression and invention. As a result, Polygon wallet users may now create personalized NFT debit cards that let customers spend fiat money or cryptocurrencies at more than 90 million merchant locations worldwide.

The platform will be able to give users access to a cutting-edge cryptocurrency exchange and a mobile banking app, for savings, investments, and payments, allowing them to enjoy the most of blockchain innovation without the needless complications or jargons. Hi will serve as users’ gateway to Web3, which lets you access your wealth, social networking, entertainment, and retail services in the real world and the Metaverse.

Users of Polygon must download the hi app, register for an account, and choose a silver card tier or higher in order to acquire the unique card. NFTs minted on Polygon can then be used by users to personalize their cards. Notably, the site offers participants free minting, therefore customers are not required to pay for gas fees. By simply uploading pre-selected images from their computers, customers can create NFTs. Members of hi and Mastercard will also get travel incentives, refunds up to 20 digital subscriptions, and spend rewards of up to 10% in addition to this exclusive bonus.

“The Polygon team are true blockchain pioneers and we are excited to partner with them to explore new frontiers for Web3, particularly in the banking and payments space,” the co-founder of hi Sean Rach said.

Since December 2022 began, the number of NFT transactions on Polygon has increased by 1,648%. Polygon will outperform other market participants if such partnerships continue to exist.

Polygon partnerships

Major brands are embracing web3 due to Polygon, an Ethereum sidechain scalability solution. The collaborations represent Polygon’s most recent strategic move in its effort to become the market leader for gasless fees for NFTs.

One of the leading blockchain service providers in the world, Polygon has teamed with more than ten top-tier companies. Non-fungible tokens have been introduced through businesses in sports, fashion, technology, and finance.