Crypto News– Users of the hi debit Mastercard now have the opportunity to use the SAND token from the Metaverse platform Sandbox in select markets within the European Economic Area, as revealed in an announcement posted on X. This card already provides users with the capability to spend popular cryptocurrencies such as bitcoin (BTC), ether (ETH), and USDT.
Mastercard and Sandbox Collaborate: Hi’s Mastercard Debit Card Now Provides Users with the Choice to Spend SAND Tokens from Sandbox
Sandbox, a subsidiary of the Metaverse gaming and venture capital giant Animoca Brands, demonstrated its commitment to hi, a cryptocurrency payments application, by making a $30 million investment in July. Hi offers comprehensive banking services, enabling users to engage in transactions involving both cryptocurrencies and fiat currency. It operates as a digital-only application, functioning as a neobank.
The debit card, which can be further customized with NFTs, was initially announced in 2022. However, the first batch of NFT-customized cards was dispatched only recently, according to his co-founder Sean Rach. He stated, “It’s been a long journey of product design and development to create the best user experience for our community. We are also exploring the possibility of adding other tokens from the Animoca ecosystem.”
Remarkably, the introduction of NFT cards comes just two months after both Mastercard and Visa terminated their partnerships with Binance, the world’s largest cryptocurrency exchange. At the time, Mastercard did not disclose the specific reasons behind its decision to sever ties with Binance and maintained the same stance when questioned by CoinDesk about the recent developments. It was reported that these developments were unlikely to significantly impact Binance at the time.
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