MasterCard is developing plans to launch cryptocurrency payments on its network sometime this year. The company has stated that cryptos are becoming an important part of the financial world.
Raj Dhamodharan, EVP blockchain and digital partnership at the company has made a statement that the focus will be on protecting customers and complying with regulations before picking crypto assets. That said, MasterCard has already begun integrating some digital coins on its Network and it has partnered with BitPay and Wirex to create cryptocurrency cards.
Right now MasterCard owns 89 blockchain patents and 285 blockchain applications are waiting for approval.
Source
That is pretty great news for crypto, but I still question how wise all of this is considering the lacking regulation of the whole crypto industry.
Raj Dhamodharan, EVP blockchain and digital partnership at the company has made a statement that the focus will be on protecting customers and complying with regulations before picking crypto assets. That said, MasterCard has already begun integrating some digital coins on its Network and it has partnered with BitPay and Wirex to create cryptocurrency cards.
Right now MasterCard owns 89 blockchain patents and 285 blockchain applications are waiting for approval.
Source
That is pretty great news for crypto, but I still question how wise all of this is considering the lacking regulation of the whole crypto industry.
