Want to flex your NFTs in the real world? Then you’ll be elated to know that you can now get a customizable Mastercard debit card featuring your PFP NFT on the front cover. The partnership announced between Hi and MasterCard to roll out the NFT-customized metal debit cards in the 25+ EEA (European Economic Area) countries and the United Kingdom has received a very positive response from the crypto community, and we’ll cover the main points of this collaboration in this article.
Hailed as the world’s first debit card featuring NFT avatar customization, the “Hi Crypto & Fiat Debit Cards” will initially be available only to hi Gold members and above in the above mentioned region. The “hi Debit card” will be issued by “Moorwand”, a London-based payments solutions provider that provides payment services throughout the EEA.
This alliance between “Hi”, a next-gen crypto exchange and mobile banking app, and MasterCard, a global pioneer in the e-payment industry, which is accepted in more than 210 countries, is truly a major step towards mass adoption of NFT IRL.
Powered by Mastercard, the hi Debit Card will be available in six variants based on Hi’s membership tier. Hi’s membership is obtained by staking its native token HI. Currently, there are 6 membership tiers of Hi, based on the amount of HI you hold in your vault and earnings combined, which are: Basic (100 HI) staked, Black (1000 HI) staked, Silver (10K HI staked), Gold (100K HI staked), Platinum (1 Million HI staked), and finally Diamond with 10 Million HI staked.
Initially, the pilot is only available in the EEA and the UK, and it only supports a small number of NFTs, including popular non-fungible tokens like CryptoPunks, Moonbirds, Goblins, Bored Apes and Azukis. These marque NFT collections have a huge following, but they are quite expensive. For all these reasons, the customizable NFT debit cards may not see proper mass adoption, but still, many in the blockchain sphere are considering the collaboration a welcome initiative.
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How to Apply for the Hi NFT Debit Mastercard
Step 1: Download the Hi app, available on the Android and iOS app store.
Step 2: From the tab menu bar, navigate to the card.
Step 3: Swipe through the card tiers.
Step 4: Review the benefits and choose your membership tier, and then click on the “GET THIS CARD” button.
Step 5: Stake or buy HI to obtain a Tier
Step 6: Join the waitlist for the world’s 1st debit card with NFT customization by clicking on the “JOIN WAITLIST” button. You will be presented with a confirmation with a “You have joined the Waitlist” message. Note that when the waitlist closes, the top 10,000 members with hi Gold tier or above will be eligible for the customized card design.
Step 7: You can also click on the “JUMP THE QUEUE” button to stake more HI tokens and move higher up the waitlist.
Important points to note:
- The EEA includes EU countries and also Iceland, Liechtenstein, and Norway.
- NFT avatars of HI members must meet Mastercard’s card design standards.
- The Crypto+Fiat Debit Card works in tandem with your hi wallet and accepts Euros, Pounds, and stablecoins, as well as a variety of cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), and Binance Coin (BNB), among others.
- The member has to verify that they indeed own the NFT they wish to use as the face cover of the HI debit card.