Mastercard’s latest partnership to help banks distribute crypto cards
The partnership is aimed toward simplifying cryptocurrency-to-fiat conversions within Mastercard's existing payment network. American fintech giant Mastercard has announced plans to revamp its crypto card program, to enable traditional banks and crypto companies to offer cards to its users for transacting with digital assets.According to the official statement:“Mastercard and its partners will test this new capability to enable more banks and crypto companies to offer a card option to people wanting to spend their digital assets anywhere Mastercard is accepted.”This effort involves....
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CoinJar Card will be made available through digital and physical cards and currently supports fiat-like transactions for 30 cryptocurrencies. Mastercard has been making headlines consistently as it ramps up efforts to offer crypto services across the globe. In the latest partnership with CoinJar, Mastercard will enable the Australian market to spend cryptocurrencies within its fiat infrastructure. CoinJar’s blog post highlighted that the newly launched CoinJar Card will allow users to make purchases in crypto, “wherever Mastercard is accepted.”The CoinJar Card will be made available for....
Mastercard will deploy its technology to integrate crypto trading into banks’ interfaces, while Paxos is set to provide its trading and custody services. Mastercard officially announced on Oct. 17 a new program to enable financial institutions to bring crypto trading capabilities and services to their customers.Called “Crypto Source,” the program is designed to allow users to buy, hold and sell cryptocurrencies, complemented by Mastercard’s proprietary Crypto Secure solution for additional security and compliance.The tool is launched in cooperation with Mastercard’s existing partner Paxos....
The customizable card will only support NFT avatars from select blue chip collections, subject to Mastercard’s design standards and an owner verification process. Mastercard has launched customizable nonfungible token (NFT) debit cards, allowing some cardholders who own avatars from select NFT collections to add the artwork onto the payment's card.The debit cards are made available through a Sept. 26 partnership with European cryptocurrency exchange platform, “hi” allowing its “Gold” members to personalize their debit cards with an NFT they verifiably ownGold membership with the platform....
Per a report by CNBC, payment giant Mastercard will double down on its crypto future. The company announced a partnership with Bakkt, a financial services company, in an attempt to increase its crypto capacities. Related Reading | Payments Giant Mastercard Buys CipherTrace To “Enhance Crypto Capabilities” The integration will allow Mastercard’s users, banks, or merchants, to […]
Mastercard has been upping its bet in the bitcoin space of late. The payments processor, alongside its rival Visa, has realized that the future of payments will happen on the blockchain, hence it is better to get in now than later. This has put MasterCard at the forefront of development on the payments side of cryptocurrencies, propelled forward by its enormous resources that can be put towards research. The latest in the long line of innovation in the crypto space is the launch of crypto payment cards in the Asia Pacific. The cards will help accelerate MasterCard’s effort to enable crypto....