Breaking: Mastercard Says Expanding Crypto Card Program

Crypto Market News: Payments processing giant Mastercard is set to grow its foray in the crypto assets industry with new partnerships going forward. According to latest reports, the company’s officials revealed plans to seek more tie ups with crypto businesses, in further expansion of its cryptocurrency payment card initiative. Another payments processing company, Visa, is also actively engaged with crypto firms, as the digital assets market expands to mainstream businesses.

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Mastercard Crypto Program Expanding

According to a Reuters report, the financial services company is set to expand its crypto payment card programme with more partnerships with crypto companies. This is a welcome move for the crypto market, as such big partnerships come at a crucial time when regulators in the United States enforce actions against crypto businesses. The report quoted Mastercard’s head of crypto and blockchain Raj Dhamodharan as saying,

We have dozens of partners around the world who offer crypto card programmes and they continue to expand. Mastercard is “really quite enthusiastic” about the underlying blockchain technology that powers cryptocurrencies.

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