Mastercard has tracked customer usage as it relates to cryptocurrency, particularly Bitcoin. The company has seen consumers using their Mastercard debit cards to purchase crypto assets and begin to use crypto cards on its network.2
With cryptocurrencies becoming more accepted as an investment and payment method, Mastercard is taking steps to make it easier for people to transact using secure digital currencies.
Mastercard’s announcement says that consumers will be able to begin transacting in crypto on its network sometime in 2021.
While Mastercard hasn’t specified which assets will be added to its network, the announcement is one of many initiatives that further legitimize the use of crypto. In the last week, for example, BNY Mellon, Tesla, and Venmo also announced plans to incorporate Bitcoin into their business offerings.
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