We have to be in the crypto space, Mastercard CEO says
Mastercard is angling to become the go-to for governments and private entities when testing and rolling out central bank digital currencies or stablecoins. Traditional card networks are vying to ensure their services remain at the center of new developments in digital assets, whether they be central bank digital currencies or private sector stablecoins.In an earnings call on July 29, Mastercard CEO Michael Miebach discussed recent developments in crypto and CBDCs, making the pitch that the company was well-positioned to remain a linchpin of intra- and international value flows:"What we....
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Payments giant Mastercard has introduced a new program called Crypto Source to enable financial institutions to offer crypto trading and other related services to their customers. Mastercard has partnered with Paxos Trust Company to support this program. A Mastercard executive says that crypto is on the “cusp of really going mainstream.” Mastercard to Help Banks Offer Crypto Services Mastercard introduced a new program called Crypto Source Monday that will bring “crypto trading capabilities to banks.” In partnership with regulated and licensed crypto custody....
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....
Mastercard continues to increase its presence in the crypto space. Via a press release, the payment company announced the acquisition of crypto intelligence company CipherTrace. The objective is to improve Mastercard’s crypto capabilities, according to the release. CipherTrace allegedly has “insight into more than 900 cryptocurrencies”. The crypto company provides its clients with a service […]
Payments giant Mastercard is launching crypto-linked payment cards for the Asia-Pacific region in partnership with three crypto service providers. “For the first time, consumers and businesses in the Asia Pacific region will be able to apply for crypto-linked Mastercard credit, debit, or prepaid cards,” Mastercard said.
First Crypto-Linked Mastercards in Asia-Pacific Region
Mastercard announced Monday that it has partnered with three crypto service providers across the Asia-Pacific region “to launch the region’s first crypto-linked payment....
Mastercard sees cryptocurrency as more of an asset class than a means of payment, according to the payments giant’s chief financial officer. Mastercard’s crypto strategy “has been fairly successful ever since crypto environments came up,” he added.
Mastercard’s CFO on Crypto as Asset Class vs. Means of Payment
Mastercard Chief Financial Officer (CFO) Sachin Mehra shared his view on cryptocurrency in an interview published Tuesday by Bloomberg.
He was asked how successful Mastercard’s crypto strategy has been. “In the....