Buying NFTs Could Get Easier

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ICYMI: Soon you'll be able to buy NFTs with a credit card

In case you missed it, Mastercard is partnering with Coinbase, an online cryptocurrency exchange platform, to allow customers to buy non-fungible tokens (NFTs) with a regular debit or credit card.

Normally if you want to buy an NFT, you would first need to open up a cryptocurrency wallet and pay for it with Ethereum. But with this new partnership, you'll be able to use your regular credit or debit card so you can pay with plain old U.S. dollars. (Quick refresher: An NFT is a unique digital asset on a blockchain, and just about anything can become an NFT—a piece of art, sports memorabilia, or even a tweet.)

NFTs have become immensely popular, with users spending over $44.2 billion on cryptocurrency contracts associated with NTFs in 2021, according to a recent report by blockchain research firm Chainalysis. With this partnership, it could become much easier for consumers to purchase NFTs, without the extra hassle.

- Kristin

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Off the Charts

Fewer American adults felt financially healthy by the end of 2021, according to a survey by Personal Capital. Just 34% said they felt financially healthy at the end of the year, down from 48% in the first quarter.

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