Mastercard Adds Crypto Consulting Service in Latest Effort to Boost Cryptocurrency Adoption

- Advertisement -

Mastercard Adds Crypto Consulting Service in Latest Effort to Boost Cryptocurrency Adoption – Mastercard, the world’s largest payments company, is expanding its payment-focused consultancy service to include bitcoin.

It covers “A range of digital currency skills, from early-stage education, risk assessments, and bank-wide crypto and NFT strategy formulation to crypto cards and the design of crypto loyalty programs,” according to the report.

Mastercard said on Tuesday that its payments-focused consultancy service will be expanded. One of the new practices is devoted to “crypto & digital currency,” according to the business.

The payments giant highlighted how it is “assisting banks manage the use of digital currencies,” noting that it is “helping banks handle the adoption of digital currencies.”

- Advertisement -

Also Read: Bitcoin Hashrate Hits Another Record Peak Amid Anemic Price Action

Mastercard’s digital currency consultancy services for banks and merchants include everything from early-stage education, risk assessments, and bank-wide crypto and NFT strategy formulation to crypto cards and crypto loyalty program design.

According to the business, “Mastercard has handpicked collaborations with digitally native enterprises that provide best-of-breed solutions in cryptocurrency.”

Furthermore, the payments firm “has assisted fintechs in expanding into new markets by assisting them with go-to-market planning and commercialization methods.”

Also Read: Indian Parliament Member Clarifies Legal Status of Cryptocurrency

Mastercard Adds Crypto Consulting Service in Latest Effort to Boost Cryptocurrency Adoption – In February of last year, Mastercard began integrating cryptocurrency onto its network. The company is concentrating on producing cryptocurrencies, stablecoins, and central bank digital currencies-related products and services (CBDCs).

Mastercard and cryptocurrency exchange Coinbase teamed in January to render non-fungible tokens (NFTs) more accessible to the general public. Customers will be able to make purchases on Coinbase’s upcoming NFT marketplace using their Mastercard cards.

Don't miss

Bank of Spain to Launch Experimental Wholesale CBDC Digital Token Program

Bank of Spain to Launch Experimental Wholesale CBDC Digital...

Elon Musk Says Twitter Will Delete 1.5 Billion Dormant Accounts

Elon Musk Says Twitter Will Delete 1.5 Billion Dormant...

Massachusetts Senator Forwards Bill Aimed at Forcing Crypto Miners to Report Greenhouse Gas Emissions

Massachusetts Senator Forwards Bill Aimed at Forcing Crypto Miners...

Trevor Noah Bids Farewell to ‘The Daily Show’ in Emotional Final Episode Sign-Off

Trevor Noah Bids Farewell to 'The Daily Show' in...

‘Top Gun: Maverick’ Named Best Film of 2022 by National Board of Review

'Top Gun: Maverick' Named Best Film of 2022 by...

LEAVE A REPLY

Please enter your comment!
Please enter your name here