Payments giant Mastercard Inna recent announcement on Monday reveals a new partnership. Of course, with that three crypto service providers across the Asia-Pacific region.
Also, This is in plans “to launch the region’s first crypto-linked payment cards.”
So, The three partners includes Amber Group, Bitkub in Thailand, and Coinjar in Australia.
Furthermore, these three companies offer cryptocurrency exchange services in their respective domestic markets.
So, “For the first time, consumers and businesses in the Asia Pacific region will be able to apply…”
“for crypto-linked Mastercard credit, debit, or prepaid cards,”
More so, this means that businesses in the Asia Pacific region can apply for the crypto-linked Mastercard.
Furthermore, while partnering with Mastercard, they
“will be launching crypto-funded Mastercard payment cards,”
Also, “For the first time, consumers and businesses in the Asia Pacific region will be…”
“able to apply for crypto-linked Mastercard credit, debit, or prepaid cards.”
Notably, MasterCard adds also that the cards
“will enable them to instantly convert their cryptocurrencies into traditional fiat currency,..”
“which can be spent everywhere Mastercard is accepted around the world.”
Then, the payment faint continues.
“Interest in cryptocurrencies is at an all-time high across the Asia Pacific region.”
The three companies
More so, according to MasterCard, the three companies
“are the first APAC-based cryptocurrency platforms to join Mastercard’s global Crypto…”
Then, “Card Program which was designed to make it simpler and faster for crypto firms to bring…”
“secure, compliant payment cards to market, as consumers increasingly seek to fund everyday…”
“transactions securely and efficiently with cryptocurrencies,”
“This announcement comes at a time when interest in…”
“cryptocurrencies is at an all-time high across the Asia Pacific region.”
Additionally, MasterCard reveals partnering with cryptocurrency exchange platform Bakkt
Then, MasterCard concludes
“to make it easier for merchants, banks, and fintechs in the U.S…”
“to embrace and offer a broad set of cryptocurrency solutions and services.”
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