Mastercard will offer crypto services

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Mastercard will offer crypto services

The crypto economy continues to grow and there seems no reason to think that the brakes will soon be on this growth. Mastercard is also bringing out some positive news about crypto. It won’t be long before Mastercard will start offering crypto services.

Mastercard’s cryptoservice

Soon the American company Mastercard will officially announce this, even though less than a year ago the company was still negative about crypto. They will announce that all the thousands of banks and millions of customers who use Mastercard’s services will soon be able to use the new crypto services that Mastercard will implement.

These services include Bitcoin wallets and credit and debit cards that allow you to spend crypto with rewards such as airline and hotel loyalty programs.

“We want to offer all of our partners the ability to more easily add crypto services to whatever it is they’re doing,” Sherri Haymond, Mastercard’s executive vice president of digital partnerships, said of the new development. “Our partners, be they banks, fintechs or merchants, can offer their customers the ability to buy, sell and hold cryptocurrency through an integration with the Baktt platform.” she adds.

The announcement may just cause a huge growth in the number of crypto users. After all, Mastercard has partnerships with as many as 20,000 financial institutions from around the world. In addition, there are 2.8 billion Mastercards in use worldwide, the world reports.

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