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Any cryptocurrency would want to make the list of cryptocurrencies accepted by BitPay-supported merchants. The company has more than 60 partnerships with companies in the space, including the one with Coinbase.Īmerican Express has also said it's exploring using its cards and network with stablecoins. BitPay is the largest cryptocurrency payment company. Rival Visa has been equally active the crypto space. It has also partnered up with Gemini, BitPay and Mintable, among others. Mastercard announced in October that it's teaming up with Bakkt to let banks and merchants in its network offer crypto-related services. Mastercard, one of the world's largest credit card and payment companies, has been on a crypto partnership spree lately. As it does, Mastercard sees even greater potential for NFTs' underlying tech to go beyond art and collectibles into many more areas," Mastercard's Raj Dhamodharan said. "Getting more people involved safely and securely is perhaps the best way to help the NFT market thrive.
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Mastercard, meanwhile, said it's looking to help expand consumer choice on how to pay for NFTs. Right now, that often requires customers opening up a crypto wallet, buying digital currencies, then spending those on NFTs in an online marketplace. By teaming up with Mastercard, Coinbase executives said they're looking to reduce friction in the NFT buying process.