July 17, 2024


Mastercard is set to announce plans today for a program to help institutions offer bitcoin and cryptocurrency trading, CNBC reported.

Mastercard will work with Paxos to “bridge” the gap between banks and will manage the security and regulatory compliance, two big reasons many banks have stated for avoiding bitcoin and cryptocurrency.

“There’s a lot of consumers out there that are really interested in this, and intrigued by crypto, but would feel a lot more confident if those services were offered by their financial institutions,” said Jorn Lambert, Mastercard’s chief digital officer.


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