Hi! It’s Monday, November(!) 1, 2021. The Rundown Mastercard is partnering with the crypto company Bakkt to offer “crypto-as-a-service,” enabling its millions of merchants and thousands of bank and fintech customers in the US to offer cryptocurrency solutions and services. The partnership will allow any company in Mastercard’s network to buy, sell, and hold digital assets through e-wallets and cards and earn and spend rewards in cryptocurrency. Given the sheer size and scale of Mastercard’s network (with 2.8 billion cards in use), the announcement could bring crypto mainstream and lead to a significant expansion in the ways Americans earn and spend bitcoin and other cryptocurrencies.
Fintech Update, 10/25 - 10/31
Fintech Update, 10/25 - 10/31
Fintech Update, 10/25 - 10/31
Hi! It’s Monday, November(!) 1, 2021. The Rundown Mastercard is partnering with the crypto company Bakkt to offer “crypto-as-a-service,” enabling its millions of merchants and thousands of bank and fintech customers in the US to offer cryptocurrency solutions and services. The partnership will allow any company in Mastercard’s network to buy, sell, and hold digital assets through e-wallets and cards and earn and spend rewards in cryptocurrency. Given the sheer size and scale of Mastercard’s network (with 2.8 billion cards in use), the announcement could bring crypto mainstream and lead to a significant expansion in the ways Americans earn and spend bitcoin and other cryptocurrencies.