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Mastercard Unveils Plan To Activate Crypto Adoption, Bitcoin’s Price Surges Afterwards

Mastercard (NYSE: MA), Global payment facilitator unveils plans of partnering with Bakkt to enable banks. Also, including merchants on its network to integrate cryptocurrency features into their systems.

Furthermore, After the announcement by Mastercard, Bitcoin price spikes to over 4%. Currently, trading at around $63,171.
Recall, the price see decline over the weekend, trading below the $60,000 price mark.

As per the partnership between Global payment facilitator and and Bakkt, the new feature will be available to United States institutions.

More so, this partnership will allow clients to buy, sell and hold digital assets. Of course, this is through custodial wallets by Bakkt. Furthermore, users will also be able to spend and earn rewards in crypto.

“We want to offer all of our partners the ability to more easily add crypto services to whatever it is they’re doing…”
“Our partners, be they banks, fintechs, or merchants, can offer their customers the…”
“ability to buy, sell and hold cryptocurrency through an integration with the Baktt platform,”

Sherri Haymond, Mastercard executive vice president of digital partnerships explains.

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MasterCard Part Of Crypto Mainstream Drive

Of course, The partnership will drive cryptocurrencies into the mainstream.
Notably, Global payment facilitator serves millions of clients globally, currently has 2.8 billion Mastercard in use.

Additionally, Mastercard reveals this partnership is due to Client’s demand and interest.

Lastly, The company gets CipherTrace, to run tests and support central bank digital currencies.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.