Polygon Partners with Neobank Hi and Mastercard to Launch an NFT Debit Card

Polygon Blockchain has partnered with the neo-banking app hi and Mastercard to launch a platform that enables customers to design a customized web3-focused NFT debit card.

Holders of the NFT Debit Mastercard may make purchases at 90 million stores worldwide using fiat or cryptocurrency. Users may also print any personal NFT for their debit card's cover at no additional cost for petrol. The agreement is Polygon's most recent strategic move in its quest to represent gasless fees for NFTs. 

Hi's co-founder, Sean Rach, said in a statement that the company is thrilled to be working with Polygon, calling them "pioneers in the industry." Rach claims that the NFTs will seem "awesome" on the cards, and the business is eager to welcome the owners of Polygon NFTs to the hi community.

"The team at Polygon are true blockchain pioneers, we are delighted to be partnering with them to explore new frontiers of Web3, particularly in the banking and payments space," said Sean Rach. He further added, “Polygon NFTs are going to look just awesome on our cards, we can't wait to welcome holders of wallets on the Polygon network to the hi community.”

To be able to use their NFTs on the cards, holders must first choose a debit card from one of four tiers: silver, gold, platinum, or diamond. The lowest tier requires the user to stake 10,000 $HI tokens, which are currently trading at roughly $0.022. Each card has benefits such as spend rewards, an earn booster, and free lifestyle subscriptions.

Users may also mint a free NFT from the hi bank if they don't already have one to place on the card. Users will also be able to benefit from hi's creator program, which makes it simple to mint an image into an NFT on the Polygon blockchain.

Neobank Hi's collaboration with Polygon is significant for the Web3 sector and demonstrates how the Polygon team continues to work with leading businesses and corporations. We at NFT Drops Calendar will keep an eye out for any further developments in the story.

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