One of the financial industry’s leading payments companies, Mastercard, announced on April 28 that it will expand its crypto payment card program. To do so, the company seeks to partner with new crypto firms, despite the recent regulatory and banking scrutiny.
The payments giant has already entered into partnerships with multiple high-profile cryptocurrency exchanges. Some examples include Binance, Gemini, and Nexo. The partnerships allowed Mastercard and the exchanges to offer crypto-linked payment cards in a number of countries.
Mastercard’s head of crypto and blockchain, Raj Dhamodharan, said:
“We have dozens of partners around the world who offer crypto card programs, and they continue to expand. Providing access to crypto safely is also part of our value proposition, and we’re continuing to do that.”
Mastercard’s solution to solving trust problems in crypto
Overall, this is an important development, as the banks have become quite wary of crypto clients. In 2022, m
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