Crypto and blockchain platform Polygon has partnered with banking app Hi to launch a platform that enables users to make NFTs designed for a debit card based on Web3.
Card holders can use the what is called NFT Debit Mastercard to spend both fiat currencies and crypto at approximately 90 million worldwide retailers. People can also coin personal NFTs using either a profile photo or a holiday picture as the cover for their debit card without having to pay gas fees.
Polygon’s move is just the latest strategic step taken by the crypto and blockchain platform. Polygon has a mission to become the representative of NFTs without gas fees. Previous partnerships worth mentioning are: the NFT loyalty rewards beta made together with Starbucks and the collaboration with Magic Eden, the biggest NFT marketplace on Solana, for new blockchain gaming features.
For now, the volume by blockchain of NFT trading is still dominated by Ethereum. However, Polygon’s NFT trades rose 1,648 per cent in just one week (first and second weeks of December).
Hi brands itself as a neobank app and crypto wallet based on Web3. On the app, users can exchange HI or other cryptos/stablecoins, including Bitcoin or Ethereum.