American multinational financial services giant Mastercard Inc has launched its latest product dubbed the Crypto Source as it is exploring new avenues to let banks within its network offer crypto-related products in a compliant manner.
Riding on the feedback from its New Payments Index it recently published which shows as many as 65% of respondents of crypto savvy individuals will prefer it if they can access regular crypto offerings from their already trusted financial institution.
Understanding this position of retail investors and the realization that banks shy away from crypto because of compliance and security risks accounted for why Mastercard floated the Crypto Source product.
As announced, financial institutions subscribing to this product will be able to offer Buy, Sell or Hold services to their customers. The product is offered in conjunction with top cryptocurrency platforms in the Web3.0 ecosystem including Paxos.
“At Mastercard, trust is our business. What we are...
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