Cryptocurrencies are also included in Mastercard’s payment system. It was stated that Mastercard will work with Bakkt, the crypto money institution, for this new change.
Mastercard is preparing to add cryptocurrencies to its payment system. According to the news of Foreks, Mastercard; In the near future , it will enable banks and organizations in its customer network to include cryptocurrencies in their products .
Foreks stated that within the framework of this new program, crypto money credit cards, reward cards, debit cards, and Bitcoin wallets will also be included in the system. It was reported that Mastercard will work with Bakkt , a crypto money institution, to make the system work .
Mastercard has had a conservative stance towards digital assets to date
Digital asset startup Bakkt announced today that it has formed an extensive partnership with Mastercard, which includes providing cryptocurrency services to its bank and Bakkt-backed fintech partners . With the partnership, Mastercard customers will now be able to offer cryptocurrencies as rewards through solutions provided by Bakkt and exchange reward points for cryptocurrencies if they wish .
Commenting on the new deal, Mastercard’s Sherri Haymond said: “Together with Bakkt and building on our principled approach to innovation, we will not only empower our partners to offer dynamic digital asset options, but also deliver distinctive customer experiences . ”
Considering that it has adopted a more conservative stance towards digital assets so far , it can be said that this development is a relatively big step for Mastercard. Mastercard, which has been providing crypto money cards to customers of crypto exchanges for a while , seems to take this situation beyond exchanges with the new agreement .