Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
October 25, 2021 04:39 pm

Mastercard will allow banks on its payments network to provide cryptocurrency services




In this photo illustration a Mastercard logo is seen on a...
Mastercard will let banks on its payments network integrate cryptocurrencies into their products | Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images



Mastercard has signed a deal with cryptocurrency firm Bakkt to make crypto options available to merchants and banks across its payments network, the company announced Monday. The news was first reported by CNBC.


Banks on Mastercard’s global payments network will be able to provide cryptocurrency rewards on credit and debit cards, for example, and reward points on purchases like airlines or hotels can be paid out in cryptocurrency. Consumers will be able to convert their crypto holdings to pay for purchases and hold digital assets through custodial wallets on Bakkt’s platform.


Mastercard said earlier this year it would start allowing its cardholders to conduct some transactions on specific cryptocurrencies on its network, and it said in...



Continue reading…




Original Link: https://www.theverge.com/2021/10/25/22744786/mastercard-allow-banks-payments-network-provide-cryptocurrency-services

Share this article:    Share on Facebook
View Full Article

The Verge

The Verge is an ambitious multimedia effort founded in 2011

More About this Source Visit The Verge