In conjunction with Mastercard, the cryptocurrency and fiat finance app hi has introduced the world’s only debit card with NFT avatar customization. This enables qualified cardholders to customize the front of their debit cards by adding their own NFT avatars.
The hi debit card is available to users in over 25 EEA countries, including the United Kingdom, and is available in six variations with varying advantages based on the membership tier on the platform. Users may gain hi membership by staking a minimum of €10 worth of hi’s native coin.
Benefits include the capability to use fiat, stablecoins, and other cryptocurrencies at any Mastercard retailer globally, 1% to 10% cash back on purchases, a refund on 1 to 20 digital subscriptions, and quick card financing by SEPA or FPS with Euros or British Pounds that used a high-profile IBAN.
“Not just do the NFT cards look incredible, but this is a fantastic method for individuals to demonstrate their internet community affiliation in the actual world,” adds Sean Rach, co-founder of hi. “The capability to use fiat, stablecoins, or other cryptocurrencies, along with appealing financial and lifestyle advantages, gives us confidence that our card will revolutionize the industry.”
Nevertheless, only Premium Gold members and higher will have access to NFT profile customization, which will handle a handful of NFT themes, such as CryptoPunks, Moonbirds, Goblins, Bored Apes, and Azukis. To qualify for card personalization, NFT holders will be required to provide proof that they possess the NFT.
“As people’s interest in cryptocurrencies and non-fiat currencies continues to expand, we are dedicated to making them a viable payment option for groups that desire to utilize them. Christian Rau, Senior Vice President, Crypto and Fintech Enablement at Mastercard, said, “We are pleased to be partnering with hi to continue to push forward industry innovation and allow these personalized cards with the security and reliability you deserve from Mastercard.”
Through agreements with several Web3 platforms, Mastercard has been attempting to promote the widespread usage of NFTs. It partnered with Coinbase in January to enable Mastercard credit/debit card payments for NFTs. Mastercard launched a multiplatform alliance with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway, and Web3 infrastructure provider MoonPay in June in order to facilitate NFT commerce on Web3 platforms.
In April, the financial services company also submitted Web3 trademark applications in order to provide financial services in the metaverse.
