The global payments giant plans to incorporate the crypto intelligence project into its digital currency expansion plans.
Mastercard Worldwide, or Mastercard incorporated, is an international payment system and transnational financial corporation that unifies 22,000 financial organizations in 210 countries around the world. The company was founded in 1966 with the merger of several Californian banks to compete with Bank of America, which currently works with Visa — Mastercard’s main opponent. The company is currently headquartered in New York and Mastercard’s CEO is Ajaypal Singh Banga. The main activity of Mastercard is the processing of payments between the acquired banks, which serve as the place of trades, and other credit corporations that use Mastercard’s debit and credit cards. The Mastercard association is aimed at managing the business, promoting the brand, and developing and implementing new technologies, such as a contactless way of making payment called PayPass.
Venture capital continues to back promising blockchain and crypto plays. Some of the industry’s biggest investors participated in MobileCoin’s Series B.3166
Crypto payment firm Alchemy Pay is planning to roll out a crypto-linked virtual card that is accepted on the Visa and Mastercard payments networks.12969
CoinJar Card will be made available through digital and physical cards and currently supports fiat-like transactions for 30 cryptocurrencies.5914
Mastercard is angling to become the go-to for governments and private entities when testing and rolling out central bank digital currencies or stablecoins.9389
Mastercard keeps its focus on the digital asset industry, echoing moves by its main competitor, Visa.19320
The partnership is aimed toward simplifying cryptocurrency-to-fiat conversions within Mastercard's existing payment network.6149
Millennials are big on crypto with 77% wanting to learn more.15244
The "fintech innovators" will receive direct support from Mastercard as they bring their products and services to market.35208
Crypto debit cards are growing in popularity as holders look for effortless ways to spend their assets.24549
Mastercard is set to incorporate carbon footprint tracking into its blockchain-based solution, to help consumers offset carbon emissions through their purchases.10845
ConsenSys is using the funds to expand its enterprise blockchain solutions centered around DeFi and Web 3.0.13320
Payment provider Nuvei has launched support for nearly 40 crypto assets including lesser-known coins from previous market cycles, such as Reddcoin, Steem, Bitcoin Gold, and Siacoin.19058
Wirex has temporarily halted signing up new U.K. customers following what it called “constructive dialogue” with the Financial Conduct Authority.7403
The largest cryptocurrency also recently beat the world's three biggest banks by market cap, data confirms.26675