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MASTERCARD INTEGRATES CRYPTO INTO THEIR PLATFORM  by E. Okorie, 27th of October , 2021

Mastercard has announced that it will integrate crypto into its platform. Mastercard currently connects businesses and organizations in more than 210 countries. With this initiative implemented, any bank or merchant on its network will be able to provide crypto services to its customers.

Mastercard will be partnering with Bakkt to provide this custodial services so as to cater for financial institutions and merchants in this program.

The reasons why Mastercard is bringing cypto onto its network according to Mastercard team are - that digital assets are becoming more important part of the payments world and that users could take advantage of crypto cards to access these assets and convert them to traditional currencies for spending anytime. Click here to go to Mastercard website and read the full details on why Mastercard is bringing crypto onto its network

Although Mastercard clearly stated on its website that they are only trying to increase the choices of their users to use or convert digital asset, the adoption of crypto on its platform clearly shows the growing bitcoin acceptance across the globe.