hi launches world’s first NFT avatar debit card with Mastercard

hi, a European crypto and fiat financial app partnered with Mastercard to launch the world’s first debit card featuring NFT avatar customization.

Eligible cardholders can personalize the face of the card from an NFT avatar they verifiably own and spend at more than 90 million locations worldwide where Mastercard is accepted. 

However, only Gold members of the platform will be able to obtain the NFT avatar cards. One can become a Gold member by staking a minimum of 100,000 hi Dollar’s (HI), the platform’s native token, a sum worth around $4,600, according to data from CoinGecko. 

The card will also allow spending in fiat, stablecoins or any cryptocurrency where Mastercards are accepted as a payment method. Cardholders will also enjoy 1-10% cashback incentives, hotel credits, rebate on digital subscriptions and more. 

Moreover, the card will only support NFT avatars from select blue chip NFT collections, including CryptoPunk, Bored Ape Yacht Club, Moonbird, goblintown and Azuki NFTs.

Hi representatives explained that the NFT cards offer NFT holders a way to showcase the community they belong to and serves as an accessible payment choice for the crypto and NFT community.

Christian Rau, Senior Vice President, Crypto and Fintech Enablement at Mastercard said, ‘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.’ 

Photo: Mastercard Europe