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Mastercard Announces Crypto Integration for Its Customers

Mon, 10/25/2021 - 14:33
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Arman Shirinyan
If you use Mastercard, you will be able to perform operations with crypto directly through it
Mastercard Announces Crypto Integration for Its Customers
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Mastercard has announced that banks functioning inside of its ecosystem will now be able to provide crypto services for its customers thanks to the integration of crypto into their products, according to CNBC.

With crypto integration to the Mastercard network, users and customers will be able to spend, store and use cryptocurrency for various payments, including loyalty programs and rewards.

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In order to realize the new function, Mastercard is partnering with Bakkt, which will act as a custodian. After the integration, Mastercard's clients will be able to perform operations with digital assets, including buying and selling.

According to Mastercard's executive vice president of digital partnerships, Sherri Haymond, the company is looking forward to providing easy exposure to crypto services to its partners and clients.

With the integration of the cryptocurrency framework, the company is offering more exposure to average Americans who are willing to earn and spend Bitcoin. Currently, Mastercard is working with more than 20,000 financial institutions around the world. At press time, Mastercard's total user base remains at 2.8 billion.

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About the author

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.