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Mastercard to Allow Banks and Merchants to Offer Crypto Services

Mastercard to Allow Banks and Merchants to Offer Crypto Services


Payments giant Mastercard has disclosed that it will soon allow banks and merchants on its broad network to offer crypto-related services.

Revealed in a CNBC report Monday, the move will allow banks and merchants to offer products such as bitcoin wallets, debits and credit cards that earn crypto rewards, and loyalty rewards that payout crypto to customers.

The move by Mastercard is in partnership with Intercontinental Exchange (ICE) backed crypto startup, Bakkt. Bakkt will provide custodial services for the assets, according to the report.



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