Mastercard Corporation gave additional credibility cryptocurrencies, and after announcing that it plans to introduce them into its network and support crypto-transactions.
There are many who are still skeptical about cryptocurrencies, and the unstable value of Bitcoin, and the fear that digital wallets can be easily broken into, contribute to that the most. The support that comes from a financial giant like Mastercard means a lot, first of all if it is known that the company only supports what it is sure of. Officials said that Mastercard is preparing for the future of payments in this way, and it was pointed out that support for digital currencies requires major changes which require a lot of effort.
This move could connect merchants with new customers who have already turned to new currencies, and it is certain that it will bring everyone another option that could soon become part of the usual payment methods. Still it is not known which cryptocurrencies Mastercard will support, and it is assumed that these will first be the ones that are the most famous, and therefore the safest. It’s a company In 2020, it already created crypto-cards for payment, which means that a lot has already been invested in the project. It is time for the next step, and cryptocurrencies on the Mastercard network are expected to arrive by the end of 2021.
Source: PC Press by pcpress.rs.
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