The Mastercard News Coinbase Investors Are Watching Today

Chris MacDonald, The Motley Fool

January 19, 2022 at 4:31 p.m.·2 min read

The Mastercard News Coinbase Investors Are Watching Today

For cryptocurrency exchanges such as Coinbase Global (NASDAQ: COIN), this has led to a similarly flat day, with Coinbase stock closing down 1.1%, as of market close. Yesterday, it was announced that Coinbase is teaming up with Mastercard (NYSE: MA) to provide payment services for the company's non-fungible token (NFT) marketplace, which is currently under construction. The idea is that Mastercard credit or debit cards can be used to allow users to pay for NFTs in fiat currency, simplifying the purchasing process for less tech-savvy crypto aficionados.

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