Recently MasterCard (MA  ) announced that it plans on collaborating with cryptocurrency exchange platform, Coinbase (COIN  ), in order to allow for easy accessibility and convenience when it comes to the buying of NFTs.

This collaboration will enable people to buy NFTs (non-fungible tokens) with their MasterCards once the service becomes available. This change will seemingly make the process of buying NFTs much simpler and smoother.

"We're working to make NFTs more accessible because we believe tech should be inclusive," said Raj Dhamodharan, Mastercard's executive vice president at the head of digital assets and blockchain partnerships, in a press release. "When more people are included in new technologies, it spurs innovation, helps economies grow and expands choices for consumers."

The new program, referred to as "Coinbase NFT," can be described as a peer-to-peer marketplace that causes the processes of minting, buying, showcasing, and finding NFTs much more reliable.

By working alongside of MasterCard, Coinbase will be able to overall offer a stronger customer experience for the Coinbase NFT collaboration. Overall, Coinbase NFT will serve as a means to "classify NFTs as 'digital goods,'" which will ultimately make NFTs more attainable in comparison to those that are a bit more difficult to access, especially from the perspective of someone who has trouble buying and storing cryptocurrency.

In comparison to Coinbase NFT, many other NFT marketplaces call for the purchase of some form of cryptocurrency and then the addition of it to a secure wallet. After that, the secure wallet would be attached to the marketplace. Coinbase NFT, on the other hand, simply requires the click of a button for an online purchase.

"Expanding the audience for NFTs allows this burgeoning market to support more creators and could spark the next evolution of digital commerce," said Dhamodharan on MasterCard's website. "Getting more people involved safely and securely is perhaps the best way to help the NFT market thrive."