Quick take:
- The hi debit card is available to hi members in over 25 EEA countries including the UK.
- Only Gold members and above are eligible for NFT customisation.
- The supported NFT collections include CryptoPunks, Moonbirds, Goblins, Bored Apes and Azukis.
hi, the crypto and fiat financial app, has launched the world’s first debit card featuring NFT avatar customisation in partnership with Mastercard. This allows eligible cardholders to personalise the face of their debit cards with NFT avatars that they own.
Available to hi members in over 25 EEA countries including the UK, the hi debit card comes in six variants with different benefits depending on membership tier on the platform. Users can obtain hi membership by staking hi’s native token starting at the equivalent of €10.
Benefits include the ability to spend fiat, stablecoins and other cryptos at any Mastercard merchant worldwide, 1-10% back on spending, rebate on between 1-20 Digital Subscriptions, funding of card instantaneously via SEPA or FPS with Euros or British Pounds using a hi personal IBAN.
“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,” says Sean Rach, Co-founder of hi. “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.”
However, only hi Gold members and above will be eligible for NFT avatar customisation, which will support a limited range of NFT collections including CryptoPunks, Moonbirds, Goblins, Bored Apes and Azukis. NFT owners will be asked to verify that they own the NFT in order to apply for card customisation.
“As consumer interest in crypto and NFTs continues to grow, we are committed to making them an accessible payments 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.” says Christian Rau, Senior Vice President, Crypto and Fintech Enablement at Mastercard.
Mastercard has been making efforts to drive mainstream adoption of NFTs via partnerships with various Web3 platforms. It joined forces with Coinbase in January to allow users to pay for NFTs using Mastercard credit/debit cards. In June, Mastercard announced a multiplatform partnership with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway, and Web3 infrastructure provider MoonPay to enable NFT commerce on Web3 platforms.
Additionally, the financial services corporation filed Web3 trademark applications in April to offer financial services in the metaverse.
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