Financial firms are warming to cryptocurrencies on February 11, 2021, 10:19 11 comments
Editor s take: Mastercard s pledge to support cryptocurrencies on its network this year is the latest indicator of increased acceptance of digital currencies among major financial firms. So long as consumer adoption pans out and regulatory hurdles don t derail the whole thing, it seems as though the future could be very bright for digital currencies.
Just days after electric automaker Tesla announced a $1.5 billion investment in Bitcoin that sent the cryptocurrency’s value to record heights, another major player is gearing up to hit the field.
Mastercard said it is now preparing for “the future of crypto and payments,” announcing that it will start supporting select cryptocurrencies directly on its network this year. The financial services corporation didn’t specify which digital assets it will embrace initially but did note that they will be “v