Mastercard is expanding its adoption of Web3, a new version of the Internet, based on Blockchain. It has partnered with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway, and Web3 infrastructure provider MoonPay to enable NFT trading.

Mastercard has more than 2.9 billion cards in circulation worldwide, and this alliance has the potential to have a significant impact on the NFT ecosystem. He has said that these developments will expand the potential consumer base of NFT creators to millions of people around the world.

In a press release, Mastercard further explained that the process of purchasing an NFT needs to be made simpler and more secure, and that customers should get what they want with less stress and confusion.

“We are also applying our full set of capabilities to bolster customer security. These integrations are designed to make crypto more accessible and help the NFT ecosystem continue to grow,” he said in the statement.

In other news, a survey conducted by Deloitte in partnership with PayPal revealed that more than 85 percent of businesses “are assigning a high or very high importance to supporting cryptocurrency payments,” Bitcoin.com reported.

Most merchants surveyed planned to enable crypto payments. Nearly three-quarters of those surveyed reported that they planned to accept cryptocurrency or stablecoin payments in the next 24 months.

According to the survey, titled “Merchants Getting Ready for Cryptocurrency,” businesses are ready to accept digital currency payments for a variety of reasons. According to the survey, 46 percent of respondents will increase their consumer base and 40 percent will give their company the perception of being ahead of the curve. Overall, 87 percent of respondents believe that companies that accept digital currencies have a competitive advantage.

crypto prices

The price of Bitcoin on the cryptocurrency market fell by 0.90% in the last 24 hours and was trading at $30,018.66 at 17:30 IST. According to Coinmarketcap.com, their crypto market dominance is currently 46.49%, up 0.06% in the last 24 hours.

In the last 24 hours, Ethereum (ETH) was trading at $1,773.09, down 1.78%, while Binance Coin (BNB) was down 0.46% over the same period and trading at $289.58. Solana (SOL) was down 4.86 percent at $39.34, while Cardano (ADA) was down 4.41 percent at $0.6146.

meme coins

Dogecoin was trading at $0.07891 at 5:30pm IST, down 1.36% on Coinmarketcap.com. Its rival Shiba Inu was down 1.26 percent and trading at $0.00001051. Samoyedcoin is down 1.24 percent and trading at $0.00001051, while Dogelon Mars is down 2.29 percent and trading at $0.0000004171.

overall scenario

According to Coinmarketcap.com, the global crypto market capitalization was $1.23 trillion, a decrease of 1.21% in the last 24 hours, while the total crypto market volume was $59.03 billion, a decrease of 7.69% .

Tenset (10set) was the biggest winner, winning 905.13 per cent. It was trading at 2.85 as of 5:30 p.m. IST, according to Coinmarketcap. In contrast, Saitama witnessed the maximum loss and fell 78.37 percent. It was trading at $0.0000000001247.