Mastercard Rises in Cryptocurrency! – Bitcoin System

Cryptocurrency payment giant making important moves in its sector MasterCardwants to bring cryptocurrencies to daily life.

Vice President of Digital Asset and Blockchain Products & Digital Partnerships at Mastercard Raj Dhamodharan He recently published a blog post about cryptocurrencies.

of Mastercard cryptocurrencies Stating that he believes it has the potential to change the financial infrastructure, Dhamodharan said that they are working on cryptocurrencies to be a daily payment method.

“Digital assets such as cryptocurrencies and central bank digital currencies have the potential to transform the infrastructure of the financial system.

NFTs, blockchain games and metaverse experiences can change the way consumers shop and communicate.

Mastercard recognizes this potential and we want and are working towards bringing cryptocurrencies into the mainstream as a daily payment method.”

A Mastercard official recently cryptocurrencies He stated that we can spend as smoothly as contactless card payments, but that this requires consolidation in at least five key areas:

“To unlock the payment method potential of crypto, we need to bring together the best of technology, banking, fintech and crypto.

This merger will create a variety of new services and make the movement of money faster, simpler and cheaper, and can help crypto reach greater mainstream adoption.”

The Mastercard official said there is a need for crypto cards, various advisory services for crypto companies, and making it easier for users to convert their crypto to fiat to pay.

In this regard, Dhamodharan noted that the company has partnered with several leading crypto-focused firms: Paxos, Circle, Evolve, and Uphold.

Mastercard also said it is launching crypto-focused cards. In this regard, Mastercard has partnered with Gemini to develop a credit card that pays rewards in cryptocurrencies for US users.