{"id":303520,"date":"2021-07-20T16:51:26","date_gmt":"2021-07-20T13:51:26","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/mastercards-latest-partnership-to-help-banks-distribute-crypto-cards\/"},"modified":"2021-07-20T16:51:26","modified_gmt":"2021-07-20T13:51:26","slug":"mastercards-latest-partnership-to-help-banks-distribute-crypto-cards","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/mastercards-latest-partnership-to-help-banks-distribute-crypto-cards\/","title":{"rendered":"# Mastercard\u2019s latest partnership to help banks distribute crypto cards"},"content":{"rendered":"<p>&#8220;<strong># Mastercard\u2019s latest partnership to help banks distribute crypto cards  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvMGYxZDIxOGItMjdiYi00ZmZlLWJkOTctMmFmNDRjNDY2M2FkLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>American fintech giant Mastercard has\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20210720005413\/en\/Mastercard-Creates-Simplified-Payments-Card-Offering-for-Cryptocurrency-Companies\">announced<\/a> plans to revamp its crypto card program, to enable traditional banks and crypto companies to offer cards to its users for transacting with digital assets.<\/p>\n<p>According to the official statement:<\/p>\n<blockquote><p>\u201cMastercard and its partners will test this new capability to enable more banks and crypto companies to offer a card option to people wanting to spend their digital assets anywhere Mastercard is accepted.\u201d<\/p><\/blockquote>\n<p>This effort involves Mastercard partnering with crypto businesses to involve \u201ccryptocurrency wallets and exchanges, making it simpler for partners to convert cryptocurrency to traditional fiat currency.\u201d <\/p>\n<p>To allow exposure to cryptocurrency for its users, the New York-based financial institution has publicly announced fresh partnerships with Circle, Paxos, Evolve Bank &amp; Trust, Metropolitan Commercial Bank, Uphold, BitPay, Apto Payments, i2c Inc. and Galileo Financial Technologies.\u00a0<\/p>\n<p>The revised card program will help Mastercard utilize its massive payments network to not only take away the friction between fiat and crypto but also to provide more alternatives for users interested in using cryptocurrency.<\/p>\n<p>To help reduce the inherent volatility of cryptocurrency and its related conversion complications, Mastercard will take advantage of Circle&#8217;s dollar-pegged stablecoin, USD Coin (USDC), for instant conversions while initiating the payment transfers.<\/p>\n<p><strong><em>Related:\u00a0<\/em><\/strong><strong><em>Visa to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>rove Bitcoin spending card for Australian startup CryptoSpend<\/em><\/strong><\/p>\n<p>Mastercard\u2019s decision to explore the use of its traditional payments infrastructure within the crypto space may not come as a surprise to those who know about Visa\u2019s ongoing move into offering crypto debit cards.\u00a0<\/p>\n<p>As Cointelegraph previously reported, Visa intends to distribute a Bitcoin (BTC) debit card to Australian citizens that also will be capable of transacting opopular altcoins such as Ether (ETH), XRP, and Bitcoin Cash (BCH).\u00a0<\/p>\n<p><strong><em>Related:\u00a0<\/em><\/strong><strong><em>Cash or Plastic? Countries Where Crypto Debit Cards Are Fair <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a><\/em><\/strong><\/p>\n<p>Research from Cointelegraph last year\u00a0highlighted the rise of crypto debit cards and identified the various options available to the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> public.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/mastercard-s-latest-partnership-to-help-banks-distribute-crypto-cards\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Mastercard\u2019s latest partnership to help banks distribute crypto cards &#8221; American fintech giant Mastercard has\u00a0announced plans to revamp its crypto card program, to enable traditional banks and crypto companies to offer cards to its users for transacting with digital assets. According to the official statement: \u201cMastercard and its partners will test this new capability&#8230;<\/p>\n","protected":false},"author":1,"featured_media":303521,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvMGYxZDIxOGItMjdiYi00ZmZlLWJkOTctMmFmNDRjNDY2M2FkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,77423,74889,75493,74355,117,70934,67874],"class_list":["post-303520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-mastercard","tag-payments","tag-stablecoin","tag-adoption","tag-business","tag-regulation","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/303520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=303520"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/303520\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/303521"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=303520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=303520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=303520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}