Visa and Mastercard’s Latest Major Strides in Cryptocurrency Adoption

Major payment providers Visa and Mastercard are propelling the cryptocurrency adoption with a series of new partnerships and initiatives, responding to the increasing demand for digital assets and the growing interest in blockchain technology. Visa introduces a novel tokenized platform, while Mastercard focuses on broadening its selection of cryptocurrency payment cards by teaming up with additional crypto companies, further bridging the gap between traditional finance and the digital asset ecosystem.

Mastercard Expands Crypto Card Offerings Mastercard has previously collaborated with cryptocurrency exchanges such as Binance, Nexo, and Gemini to provide crypto-linked payment cards, allowing users to spend their digital assets at millions of merchants worldwide.

“Our global partners offering crypto card programs are continuously growing,”

— said Raj Dhamodharan, Mastercard’s lead for crypto and blockchain development, in an interview with Reuters.

Mastercard Crypto Credential

Mastercard also unveiled the Mastercard Crypto Credential on Thursday, which will establish a unified standard and infrastructure for validating transactions between consumers and businesses on blockchain networks. Lirium, Bit2Me…