Mastercard is set to partner with the global crypto exchange Binance to launch a crypto payments card for consumers. Mastercard, like most other payment brands, is showing increasing interest in crypto assets. The cryptocurrency adoption rate has recently increased despite the persistent Crypto Winter. Mastercard’s recent move is set to grow the adoption rate even further.
Binance and Mastercard will begin rollout in Argentina
Notable media company Forbes reported the development Thursday. The partnership between both firms will launch the cryptocurrency payments card, which will support 14 crypto-assets. These assets include USDT, BNB, BTC, BNB, ETH, ADA, and XRP, among others.
The card will be linked to users’ Binance accounts. Hence, as consumers use the card, payments for goods and services are taken from their Binance crypto holdings. Consumers can use the card on all merchant sites that accept the Mastercard brand, totalling over 90 million.
As users make payments, their...
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