Mastercard seeks to expand its connection to cryptocurrencies – news on UNN

by time news

2023-04-30 02:59:00

KYIV. April 30. UNN. The Mastercard payment system will expand its program related to cryptocurrency payment cards, the head of the company’s cryptocurrency and blockchain department said, Reuters reports. UNN.

Details

The Mastercard payment system already cooperates with cryptocurrency exchanges, including Binance, Nexo and Gemini. Binance cards allow users to make payments in traditional currencies with their cryptocurrency assets on the exchange.

“We have dozens of partners around the world that offer cryptocurrency card programs, and they continue to expand,” said Raj Dhamodharan, head of cryptocurrency and blockchain at Mastercard.

“Providing access to cryptocurrencies in a secure manner is also part of our offering and we continue to do so,” he added.

Addition

Currently, most banks have become wary of customers with cryptocurrency funds after a number of major cryptocurrency companies went bankrupt last year, including the major exchange FTX.

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