Mastercard will begin to fully support selected cryptocurrencies

Pay with cryptocurrencies using the system Mastercard there is nothing so new. Mastercard payment cards capable of something like this have been issued by Wirex for some time. In this case, it was possible to withdraw the means of payment from the cryptocurrency account, but these were converted into the classic currency and the system then went through the classic funds. But that should change this year. The selected cryptocurrencies will be supported for direct payment, ie the user will send the cryptocurrency and it will be credited to the merchant without unnecessary conversions.

Mastercard itself does not want to recommend the use of cryptocurrencies to users and merchants, but wants to allow them to use them if they wish. It is not yet clear which cryptocurrencies will actually be supported. Mastercard says he wants to focus primarily on stablecoins, which are more regulated and more reliable than in the past. Cryptocurrencies must meet demanding requirements, including the ability to protect the customer, his privacy and security. It is important that these are the types that will be reliable currency and not primarily a means of investment. This is especially true recently, when the price of cryptocurrencies is rising very fast (BTC is now worth $ 47,500).

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Source: Svět hardware by www.svethardware.cz.

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