Cryptocurrency Included in Mastercard’s Payment System

cryptocurrencies are also included in The Mastercard payment system. It was said that MasterCard will work with Fried, the cryptocurrency institution, for this new change.

MasterCard is preparing to add cryptocurrencies to its payment system. According to the news from Foreks, Mastercard; In the near future, it will enable banks and organizations in its customer network to: cryptocurrencies in their products .

Foreks stated that under this new program, cryptocurrency credit cards, rewards cards, debit cards and Bitcoin wallets will also be included in the system. It was reported Which MasterCard will work with Fried , a cryptocurrency institution, to run the system.

Mastercard has taken a conservative stance on digital assets to date

Digital asset startup Bakkt today announced it has formed an extensive collaboration with Mastercard, including providing cryptocurrency services to its bank and Bakkt-backed fintech partners. With the partnership, Mastercard customers can now offer cryptocurrencies as a reward through solutions from Bakkt and stock exchange reward points for cryptocurrencies if they want to.

Commenting on the new deal, Mastercard’s Sherri Haymond said: “Together with Bakkt and building on our principled approach to innovation, we will enable our partners to not only offer dynamic digital asset options, but also deliver distinctive customer experiences. . ”

Considering that it is a more conservative attitude towards digital assets so far, it can be said that this development is a relatively big step for Mastercard. Mastercard, which has been supplying cryptocurrency cards to customers of crypto exchanges for a while now, seems to accept this situation beyond exchanges with the new agreement.

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