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Mastercard Launches Crypto-Linked Payment Cards in Asia Pacific

Mastercard Launches Crypto-Linked Payment Cards in Asia Pacific



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  1. > . Cardholders can now instantly convert their cryptocurrencies into a traditional fiat currency that can be spent everywhere that Mastercard is accepted.

    > . Mastercard’s partners for this initiative are the first Asia Pacific-based cryptocurrency platforms to join Mastecard’s global Crypto Card Program, according to the statement.

    > . Some 45% of those surveyed in Asia Pacific said they are likely to consider using cryptocurrency in the next year, and 12% said they used crypto in the last year, according to the latest Mastercard New Payments Index.

    > . Mastercard said in late October it was working with digital asset platform Bakkt to allow merchants and banks in the U.S. to build cryptocurrency into their offerings.

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