Mastercard mapped strategies to support growing Crypto Community

Mastercard mapped strategies to support the growing Crypto Community focusing on security and better services during a presentation on Wednesday.

They explained that they would focus on “crypto enablement” which refers to purchasing, spending, cashing out, and rewards involving cryptocurrency; crypto security, including identity services; and network access, which covers interoperability, stablecoins, and central bank digital currencies (CBDC).

Mastercard said in late October it was working with digital asset platform Bakkt to allow merchants and banks in the U.S. to build cryptocurrency into their offerings.

Mastercard has been boosting its crypto offerings as they have had partnerships in the Asia-Pacific allowing the businesses and users in the Asia Pacific to get crypto-linked Mastercard credit, debit, and prepaid cards.

Source: Coindesk

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