NFT Customizable Debit Cards for Web3 Communities Qorus Banking Innovation Awards 2022

hi and Mastercard partner to enable Web3 communities such as Bored Ape Yacht Club, CryptoPunks and Moonbirds to customize their hi Debit Mastercard with an NFT (non-fungible token) or PFP (profile picture) they verifiably own. With the flexibility to spend fiat, stablecoins and other cryptocurrencies seamlessly, combined with attractive financial and lifestyle rewards, the card (which will be issued as both a Virtual and Physical Card) is a game-changer in the market. State of completion This project is in pilot with a waiting list open. Virtual cards are due to go live in November. The reason behind While cryptocurrencies are globally accessible, one of the biggest barriers to their mainstream adoption is not the acceptance of digital assets but, rather, seamless interoperability between the crypto and fiat worlds. Leveraging the very best of decentralized and centralized financial experiences, hi exists at the intersection between digital banks and digital asset exchanges, you can think of hi as a 'Web3 Neo-Bank.' The hi NFT Debit Mastercard is unique, not only because it enables holders of the world's most creative, expressive and valuable NFTs to show which virtual community they belong to every time they present their card at any of Mastercard's 90m merchants in the real world, but also because of the seamless payments experience it provides. Unlike incumbent crypto cards which require a "top-up" into a specific card account in order to make a payment, hi and Mastercard's solution provides a seamless fiat and crypto payment experience with no top-up required.