Mastercard’s head of crypto and blockchain has announced the company’s plans to expand its current cryptocurrency payment card programme by establishing further partnerships with crypto firms. Despite the increased scrutiny from regulators and growing caution from banks towards the sector, Mastercard remains committed to its mission.
Currently, Mastercard has entered into partnerships with several cryptocurrency exchanges such as Binance, Nexo, and Gemini, to provide payment cards that are linked to cryptocurrencies. For instance, Binance cards allow customers to transact in traditional currencies that are funded by their cryptocurrency holdings on the exchange.