Cryptos: MasterCard will convert them as “everyday means of payment”

Having noted an increased popularity of cryptocurrencies, Mastercard decided to integrate them into its ecosystem from February 2021. At the time, this payment card specialist was content to remain neutral in its actions: above all, no promotion for cryptoassets. Now that things have changed in the world of Finance, Mastercard has reviewed its position. Right now, the American multinational wants to make the use of cryptocurrencies mainstream.

MasterCard, for everyday use of cryptocurrencies

Transforming the financial system infrastructure is part of Mastercard’s goals. To do this, the company specializing in contactless payments has identified 5 major areas. These are: crypto cards, cryptographic services, payments, integration of cryptocurrencies on its networks, and NFT & Metaverse. looks at the 5 key areas mentioned by Mastercard

#Mastercard is currently working on five key areas of #crypto to “make cryptocurrency a way to make everyday payment. »

Here are the 5 main axes highlighted on the official site of the company.

Crypto Cards

Mastercard, which has worked with Binance, Gemini, Nexo and other crypto companies, admits that the cards form a “ valuable bridge between existing financial services and the growing crypto ecosystem “.

Cryptographic services

Currently, Mastercard provides cybersecurity, consulting, digital ID and open banking services to tens of thousands of financial institutions. These same services may also be allocated to cryptocurrency players and issuers.


Mastercard has also highlighted several collaborations with companies specializing in cryptocurrencies. The goal is to facilitate the conversion of these assets into fiat. Among them are Evolve, Uphold or Paxos.

Cryptocurrencies and Mastercard networks

The integration of certain digital assets into Mastercard’s networks has already been announced in 2021. Note, however, that only crypto currencies capable of offering consumer protections will benefit from its approval.

NFT & Metaverse

After crypto cards and cryptocurrency payments, Mastercard also intends to support metaverse and NFT players. Coinbase, owner of an NFT marketplace, already enjoys an NFT payment alternative with the multinational.

Tips for paying in cryptocurrencies with Mastercard

Finally, we will quote an extract from the published article on the site of Mastercard in 2021: “ We are here to enable customers, merchants and businesses to move digital value – traditional or crypto – however they choose. It should be your choice, it’s your money ». Thus, the payment card specialist has not changed its position or objectives since last year.

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