Blockzeit
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
No Result
View All Result
  • EnglishEnglish
    • EnglishEnglish
    • DeutschDeutsch
    • PortuguêsPortuguês
Buy Crypto
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
No Result
View All Result
Blockzeit
No Result
View All Result
Home Bitcoin News
credit cards 1583534 960 720

credit cards 1583534 960 720

MasterCard to Launch Crypto Payment Cards in the Asia Pacific

Tom Nyarunda by Tom Nyarunda
November 8, 2021
in Bitcoin News
Reading Time: 3 mins read
0
Share on FacebookShare on TwitterShare on LinkedinShare via WhatsappShare via Email

Consumers and businesses will receive crypto-linked Mastercard credit, debit, or pre-paid cards that instantly convert their cryptocurrencies into traditional fiat currency. The cards will be used everywhere Mastercard is accepted around the world, both online and offline.

The giant payment processor Mastercard has partnered with three cryptocurrency service providers Amber Group, newly minted crypto unicorn Bitkub in Thailand, and CoinJar in Australia, to launch crypto-linked Mastercard payment cards. The three companies are the first Asia Pacific Region-based cryptocurrency service providers to join the MasterCard Global Crypto Card Program. 

Offering access to dedicated Fintech and digital asset experts

MasterCard initiated a program that facilitates Fintech companies by reducing entry barriers, streamlining the onboarding process, and offering access to dedicated Fintech and digital asset experts and in-market teams to accelerate their growth and execution. Rama Sridhar, Executive Vice President, Digital & Emerging Partnerships and New Payment Flows, Asia Pacific, Mastercard, stated: 

“In collaboration with these partners that adhere to the same core principles that Mastercard does – that any digital currency must offer stability, regulatory compliance, and consumer protection – Mastercard is expanding what’s possible with cryptocurrencies to give people even greater choice and flexibility in how they pay.”

All three cryptocurrency service providers currently offer digital asset purchase and exchange services in their respective jurisdictions.

All three of these digital asset service providers offer cryptocurrency purchase and exchange services in their domestic markets. With the new venture, the firms will find it easier to achieve their goals to make it simpler and faster for crypto firms to bring such payment cards to market.

MasterCard is preparing for future with crypto

MasterCard’s new venture into the Asia Pacific market adds an extra crypto offering to the payment processor’s growing investment in the digital asset space. Apart from beginning a project to facilitate leading banks in offering cryptocurrency service, the firm recently acquired a Silicon Valley-based crypto-analytics firm Ciphertrace for an undisclosed price. The firm stated then that “digital assets have the potential to reimagine commerce.” 

MasterCard has also recently partnered with Fintech company Uphold and crypto exchange Gemini to create crypto credit cards, and it’s also developed platforms to help governments test central bank digital currencies. Two weeks ago, the firm also pointed out that 77% of Millennials said they are interested in learning more about cryptocurrencies, with about 75% saying they would use crypto more if they understood it better.

The cryptocurrency market has tripled during that past year alone, and speculation is high that the launch of the first Bitcoin-linked exchange-traded fund (ETF) in the United States helped Bitcoin prices surge nearly 20% to an all-time high of roughly $67,000.

1a49ddd7 d169 48a0 a252 3fc3a2ad01bb 1
Tom Nyarunda

Tom is a freelance writer with over 10-years’ experience in content creation, blog writing, and SEO specializing in the blockchain and cryptocurrency niche. As a philosophical figurehead, he believes that to make our world a better place, we must invest in incorruptible products and procedures, of which Bitcoin and other cryptocurrencies are leading examples.

Previous Post

Binance CEO CZ on How to Avoid DeFi Exit Scams

Next Post

Incoming New York City Mayor Wants Crypto Included in School Curriculum

Related Posts

Bitcoin Bull Trap

Market Wrap: Bitcoin Struggles to Break Above $23,100 as ‘Bull Trap’ Calls Fill the Cryptoverse

by Vincent Munene
January 27, 2023
0

Bitcoin is currently facing challenges as it attempts to break above the $23,100 mark, with many experts in the crypto...

Bitcoin price

Market Wrap: Bitcoin Finds Local Resistance Amid DOJ Crackdown On Crypto

by Vincent Munene
January 20, 2023
0

Bitcoin faced resistance at a local level as the Department of Justice announced a crackdown on cryptocurrency-related crimes. The asset...

og

Binance Custody Launches Off-Exchange For Institutional Investors

by Ken Emmanuel
January 19, 2023
0

Binance, the top cryptocurrency exchange globally, revealed the introduction of Binance Mirror, an off-exchange settlement option for institutional investors. Binance...

Load More

Get updates to your inbox!

Subscribe to our mailing list to receive daily updates!

FOLLoW US:

Blockzeit Logo 10 1

Blockzeit was founded in 2021 in Switzerland with the mission of bridging the gap between the complex blockchain technology and the general public. Blockzeit is a news and education platform that aims to make blockchain more accessible and bring more transparency to the scene.

Popular Categories

Categories
  • Bitcoin News
  • Business
  • Education
  • Investing
  • Markets
  • Metaverse
  • NFTs
  • Politics
  • Press Release
  • Switzerland
  • Technology
  • Trends
  • Uncategorized

Important Links

  • Privacy Policy
  • Disclaimer
  • About us
  • Contact us
  • Blockchain Jobs
  • Events

Contact & Social

For guest posts, contact us via info@blockzeit.com

 

Contact: info@blockzeit.com
Press: press@blockzeit.com

Facebook Twitter Linkedin Instagram
  • Home
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
  • Education
  • Events
© Copyright by Blockzeit.com. All rights reserved.

Disclaimer

Start making money with crypto.

Buy Here
No Result
View All Result
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
  • DeutschDeutsch
  • PortuguêsPortuguês

© 2021 Blockzeit by Blockzeit.