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Mastercard Set to Integrate Cryptocurrency into Its Payment Platform By Pablo Luna / Sunday, 14 Feb 2021 11:28PM
Payment giant Mastercard is set to allow merchants to receive payments in cryptocurrency in an initiative that is set to roll out this year. Mastercard will introduce the crypto feature whereby participating merchants can have more payment options for customers. While the company is yet to reveal the cryptocurrency options it will settle for or the countries where it would operate, this functionality is the first of its kind for the American financial services corporation.
The latest development from Mastercard is a promise kept by the company’s new CEO Michael Miebach who pledged during the company’s fourth-quarter earnings call that Mastercard would incorporate digital currency payments into its network. Miebach noted that this move would ensure the flexibility of its payment services for customers and merchants alike.