Mastercard (NYSE:MA) is the latest payments giant to hint at supporting digital currency transactions directly on its network. Nearly one billion customers across the globe will be able to pay for goods and services at over 35 million merchant locations with Bitcoin and other cryptocurrencies.
It is worth adding that the firm is yet to specify which digital currencies will be supported. However, prospective assets will be judged on four core criteria – robust consumer protection, stability, strict KYC compliance, and adherence to local laws and regulations.
According to the firm, enabling crypto payments will “open merchants up to new customers” considering the shift from traditional fiat options to digital alternatives. They said:
Continue reading on BTC Peers
Source: Cryptocurrency - investing.com
