Mastercard partners with Indonesian crypto gateway to drive financial inclusion
Navin Jain, an executive at Mastercard Indonesia, said that Mastercard will support Fasset’s efforts to drive financial inclusion in the country. Financial services firm Mastercard has partnered with crypto gateway provider Fasset to co-develop digital solutions that may drive adoption in Indonesia. The collaboration aims to expand financial inclusion in the country and extend opportunities to its local economy. In an announcement, Navin Jain, the country manager for Mastercard Indonesia, said that will support Fasset's efforts to advance financial inclusion within the country. According....
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By acquiring PT Kripto Maksima Koin, the tech giant pursues a goal to become "a diverse money management hub." Indonesian tech company PT GoTo Gojek Tokopedia Tbk (GoTo) bought PT Kripto Maksima Koin, a local crypto exchange, in a bid to diversify its assets. The deal makes a landmark in the merging of mainstream and crypto in the fourth most populated country in the world. As reported by Reuters, the sum of the acquisition of 100% shares by the country’s “biggest tech firm” came to 124.84 billion rupiahs ($8.38 million). The deal was finalized on Aug. 25, according to Indonesian media.....
The crypto gateway provider Fasset and Singapore’s Digital Treasures Center are among the startups entering the latest Mastercard Start Path program. Global payments giant Mastercard continues supporting cryptocurrency and blockchain startups as part of its fintech accelerator, the Mastercard Start Path program.Mastercard has chosen another seven industry startups for its Start Path program in order to promote the adoption of crypto and blockchain technology, the firm announced on Nov. 3.The new cohort of startups includes the crypto gateway provider Fasset, Singapore’s crypto payments....
The country’s deputy trade minister confirmed the intention, for the first time voiced in last year. The government of Indonesia returned to its plan to set up a digital assets exchange, publicly announced first time back in 2021. A so-called “crypto bourse” is planned to be established by the end of 2022. According to DealStreetAsia, Indonesia’s deputy trade minister Jerry Sambuaga confirmed during the NXC International Summit 2022 in Bali that the country is still planning on the crypto bourse’ launch, while the whole project has been delayed due to additional preparations: “We will make....
The CEO of Mastercard believes Bitcoin is too volatile and opaque to drive financial inclusion, however, CBDCs are a different story. Bitcoin cannot function as an inclusive currency for the unbanked due to its volatility, Mastercard CEO Ajay Banga said during Tuesday’s Fortune Global Forum conference. He also cited a lack of knowledge about who is behind the cryptocurrency as concerning.“I am not a believer in the volatility or, for that matter, the absence of transparency in who is the person who’s involved with that currency. So, that’s why central bank digital currencies, we’re....
Payments giant Mastercard has partnered with a cryptocurrency exchange to allow its partners and merchants in the U.S. to offer crypto solutions, including the buying, selling, and holding of cryptocurrencies. “We want to offer all of our partners the ability to more easily add crypto services to whatever it is they’re doing.”
Mastercard’s Network Integrates Crypto
Mastercard (NYSE: MA) and cryptocurrency exchange platform Bakkt (NYSE: BKKT) announced “a multifaceted partnership” Monday at the Money20/20 event.
The partnership....