A Significant Step for Crypto Adoption?
Payments colossus Mastercard announced a partnership with Binance, the world's largest crypto exchange by trading volume, to enable crypto payments in 90 million stores.
“We can unlock the full potential of blockchain technology when we make it easier to access + easier to use,” Michael Miebach, CEO of Mastercard, said in a LinkedIn post. “One way we do that is by bringing crypto to everyday purchases. To make that a reality, we’re working with Binance to let people use their crypto to make purchases at 90m+ stores that accept Mastercard. Launching this work in Argentina and plans to expand from there.”
Previously, Binance launched the Binance Card in Argentina with Mastercard. With this partnership, Mastercard will launch cryptocurrency payment cards supporting 14 cryptocurrencies, including Tether, Bitcoin, Ethereum and BNB. Customers can also earn 1% to 8% in crypto-cash back and will pay no ATM fees.
“Since the Argentine peso suffers from...
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