Mastercard is partnering with Bakkt to make cryptocurrency payments accessible to its customers.
The global payments network will allow all of its 20,000 financial institutions to integrate Bitcoin payments for the 2.8 billion Mastercard holders.
Banks will be able to issue debit or credit cards that will allow payments with cryptocurrency.
The partnership with Bakkt will enable financial institutions that issue cards through Mastercard to compete with crypto exchanges, a company representative said.
News about the future provision of Mastercard custody services ensured a 70% increase in Bakkt shares.
For the first time, Mastercard plans to add support for digital currencies announcedin February of this year. A survey conducted by the company in May poll showed that four out of ten people plan to use cryptocurrency to make payments in the next year. In September, the company acquired cybersecurity firm CipherTrace.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
Choosing a bitcoin card
The popularity of bitcoin debit cards is growing in the global market in direct proportion to the growing popularity of cryptocurrencies. Along with them, the number of offers of bitcoin debit cards is growing. When choosing your card for easy use of crypto assets in everyday life, it is worth considering the features of the services offered. Most of the information about the company offering the bitcoin card is available on its official website. We offer a brief overview of the most popular of them.
Could Ripple become a SWIFT partner?
On Tuesday, the market capitalization of the XRP currency, which is linked to the Ripple payment network, temporarily surpassed the capitalization of Ethereum. Part of the reason for this was the popular rumor that the next SWIFT network update will be integrated with Ripple. A SWIFT spokesperson denied the rumors on Tuesday.
