Mastercard plans to allow cryptocurrency transactions: Here’s how you can do it?

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Mastercard plans to allow cryptocurrency transactions: Here’s how you can do it?

The business also expects to launch several other currencies and claims to have contact with several banks all over the world. MasterCard now provides a customer card that enables cryptocurrency transactions. It also has collaborations with cryptocurrency companies including Wirex and BitPay.

Mastercard will now allow the transactions of selected cryptocurrencies on its network. It comes right after Tesla owner Elon Musk has revealed she has acquired 1,5 billion dollars of bitcoin.

Mastercard’s blog states, “It is about to get ready for the future of cryptography and payments, and it is about to announce that Mastercard will start supporting select cryptocurrencies directly on our network this year.”

Also Read: Guide: How To Buy Bitcoin In India 2021?

The company plans to launch several other currencies and is claiming to be in contact with several banks all over the world. Mastercard already offers customer cards that allow transactions with cryptocurrencies.

“This work would create even more ways for shoppers and retailers to deal with a whole new form of payment. This move could open the door for new customers who already flock to digital assets,” Mastercard said in the blog post.

The company plans to emphasize customer security and compliance in its planning, according to Raj Dhamodharan, Executive Vice President Digital Asset, and blockchain products and partnerships.

“Our change to support digital assets will allow many more businesses to accept cryptography—a capability currently restricted by proprietary methods that are uniquely related to every digital asset,” said Dhamodharan.

Mastercard plans to allow cryptocurrency transactions: Here’s how you can do it?

Rajat Singh
Rajat Singhhttps://bioinformaticsindia.com
Rajat Singh is the Editor-in-chief at Bioinformatics India, he is a Master's in Bioinformatics and validates all the data present on this website. Independent of his academic qualifications he is a marketing geek and loves to explore trends in SEO, Keyword research, Web design & UI/UX improvement.

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