Mastercard and Bakkt partner to offer crypto and loyalty solutions

Tuesday 26 October 2021 14:56 CET | News

Mastercard has partnered with US-based digital asset marketplace Bakkt to make it easier for merchants, banks, and fintechs in the US to offer cryptocurrency solutions and services.

Bakkt extends Mastercard’s ecosystem of cryptocurrency partners enabling Crypto-as-a-Service, which provides access to cryptocurrency capabilities. Through Mastercard’s network and Bakkt’s digital asset platform, Mastercard partners will be able to offer cryptocurrency solutions. These include the ability for consumers to buy, sell and hold digital assets through custodial wallets powered by the Bakkt platform and streamlined issuance of branded crypto debit and credit cards.

Mastercard will also integrate crypto into its loyalty solutions, enabling its partners to offer cryptocurrency as rewards and create fungibility between loyalty points and other digital assets. This means that consumers can earn and spend rewards in cryptocurrency instead of traditional loyalty points and seamlessly convert their crypto holdings to pay for purchases.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Mastercard, Bakkt, cryptocurrency, digital assets, debit card, credit card, loyalty programme, partnership
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: United States
This article is part of category

Blockchain & Cryptocurrencies

Industry Events