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this is ggmania.com subsite Mastercard to Support Cryptocurrency Payments in 2021 - TechAmok

Mastercard to Support Cryptocurrency Payments in 2021 - [briefly]
06:10 PM EST - Feb,10 2021 - post a comment

Mastercard, a key player in the world of traditional payments, is getting into cryptocurrency. In a blog post today, the credit card company announced that it will "start supporting select cryptocurrencies directly on our network" in 2021. Though Mastercard already works with cryptocurrency payment companies Wirex and BitPay on crypto debit cards, today's news represents a shift to allowing cryptocurrencies to move within the actual network.
We are preparing right now for the future of crypto and payments, announcing that this year Mastercard will start supporting select cryptocurrencies directly on our network. This is a big change that will require a lot of work. We will be very thoughtful about which assets we support based on our principles for digital currencies, which focus on consumer protections and compliance.

Our philosophy on cryptocurrencies is straightforward: It's about choice. Mastercard isn't here to recommend you start using cryptocurrencies. But we are here to enable customers, merchants and businesses to move digital value

Doing this work will create a lot more possibilities for shoppers and merchants, allowing them to transact in an entirely new form of payment. This change may open merchants up to new customers who are already flocking to digital assets and helping sellers build loyalty with existing customers who want this additional option. And customers will be able to save, store and send money in new ways.

We want to help these concepts flourish and reach their potential, while also developing and encouraging the necessary guardrails.

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