Mastercard opens its network to cryptocurrencies

One of the world’s largest card issuers allows direct payments for certain cryptocurrencies – such as Bitcoin and Ether.

As is well known, Bitcoin owners have mowed tremendously with that Tesla bought $ 1.5 billion worth of popular cryptocurrency, And Elon Musk ‘s company also announced that it is expected to accept bitcoin as a form of payment in the near future. All this flew the cryptocurrency to unprecedented heights. The announcement by MasterCard that it will integrate the currency into its network later this year has also helped maintain this momentum.

Although the company already offers cryptocards, cryptographic money is first converted into traditional currency and then transactions are executed, but now it is possible to pay directly with the cryptocurrency that appears on the network, which makes it faster. and it should be cheaper. Mastercard has also stated that it is actively cooperating with central banks that work on issuing their own digital currency.

“Whatever one thinks of cryptocurrencies – from fanatic to skeptical – it is a fact that they are becoming the world’s leading digital payment instruments,” said Raj Dhamodharan, head of Mastercard’s related business. “We’re not saying start using it, but we’re making it available to all customers and marketers who want to move money in both traditional and cryptic ways.”

Of course, one of the largest card issuers in the world only accepts appropriate krpit currencies that meet certain privacy, security, legal and efficiency standards. So most of the altcoins are undesirable in the system.

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Source: PC World Online Hírek by

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