Mastercard plans to work with more crypto companies to expand its payment card programme for cryptocurrencies.
Mastercard, a big company that processes payments, plans to expand its involvement in the cryptocurrency industry by partnering with more crypto companies. They will work on increasing their cryptocurrency payment card initiative. Visa, another company that processes payments, is also working with crypto firms as the digital assets market grows in popularity.
Mastercard Crypto Program Expanding
A recent report by Reuters states that Mastercard plans to partner with more crypto companies to expand its crypto payment card programme. This news is significant for the crypto industry, as it comes at a time when regulators in the US are taking actions against crypto businesses. The head of crypto and blockchain at Mastercard, Raj Dhamodharan, was quoted in the report.
“Mastercard is planning to partner with more crypto companies to expand its crypto payment card program. This is seen as a positive move for the crypto market, as regulations are tightening for crypto businesses in the US. The head of crypto and blockchain at Mastercard, Raj Dhamodharan, said that they have many partners globally who offer crypto card programs and they are excited about the blockchain technology behind cryptocurrencies”.
Dhamodharan mentioned that keeping crypto transactions secure is very important for Mastercard’s card program. The company has already partnered with crypto exchanges like Binance, Gemini, and Nexo to issue payment cards based on cryptocurrencies. The company plans to add more partnerships, which is good for the crypto market’s credibility. Recently, Huobi’s founder Justin Sun announced the launch of the Huobi Visa Card.
