Mastercard already offers customers cards that allow people to transact using their cryptocurrencies, although without going through its network. Mastercard specified that not all cryptocurrencies will be supported on its network, adding that many of the hundreds of digital assets in circulation still need to tighten their compliance measures.
The credit-card company’s announcement comes days Tesla revealed it had purchased USD 1.5 billion of Bitcoin and would soon accept it as a form of payment. Asset manager BlackRock and payments companies Square and PayPal have also recently backed cryptocurrencies.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.