Mastercard expands consulting with crypto-dedicated practices
Mastercard targets banks and merchants that need help when adopting crypto-enabled technologies and nonfungible tokens (NFTs). Continuing its goal to pursue a spot within the crypto industry, Mastercard recently announced that the firm is expanding its consulting business with practices that are dedicated to crypto.In the announcement, Mastercard’s Data & Services President Raj Seshadri says that the financial institution will continue to help clients navigate the ever-changing world of finance, and help them identify challenges and anticipate what is coming next.“Over the past 20 years,....
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Payments giant Mastercard is expanding its payments-focused consulting service to include cryptocurrency. It covers “a range of digital currency capabilities, from early-stage education, risk assessments, and bank-wide crypto and NFT strategy development to crypto cards and the design of crypto loyalty programs.” Mastercard’s Crypto Consulting Service Mastercard announced Tuesday the expansion of its payments-focused consulting service. Among the new practices is one dedicated to “crypto & digital currencies,” the company wrote. Noting that it is....
Card payments for NFTs were first announced in association with Coinbase’s latest NFT marketplace in January. International payment processing giant Mastercard is expanding its payment network for nonfungible token (NFT) markets and Web3.The financial service provider announced that it has been working on expanding their payment networks to NFTs over the past year. The firm has partnered with a number of leading NFT marketplaces to allow 2.9 billion cardholders to directly make NFT purchases without buying crypto first.Currently, users need to buy crypto to bid on and buy NFTs. However,....
The UK's Emerging Payments Association (EPA) has announced the launch of the Catalyst, an incubator dedicated to early stage payments companies. Backed by leading payment firms MasterCard and The Bancorp, the Catalyst aims to help scale 25 businesses by providing young entrepreneurs with access to investors, mentors and commercial partners. Commenting on the initiative, Scott Abrahams, Head of Acceptance and Emerging Payments, at MasterCard, said: "Startups within the payments industry often find it difficult to find the right level of guidance, education and support to help them develop....
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....
The United States recently prohibited U. S. -registered companies from investing in Crimea or providing services to firms operating there. This prohibition went along with sanctions imposed as a result of Russia's annexation of the peninsula from Ukraine. The consequences for the people of Crimea and parts of Ukraine are now being exacerbated by Visa and Mastercard's suspension of regional bank card services. Also read: EuroPay, Mastercard, and Visa (EMV) Credit Cards Force Needed Security Upgrade with "Liability Shift". VISA and Mastercard Leave Crimea. Visa, in a recent statement, has....