Mastercard and Visa Crypto updates
The worlds two largest credit card issuers continue to advance support Crypto in their own respective manners!
Mastercard adds crypto stablecoin settlement support for merchants.
Mastercard teamed up with OKX exchange and Nuvei the payments processor to allow consumers and merchants to spend and receive stablecoins. Additionally, partnering up with Circle (USDC) issuer as well as Paxos stablecoin to allow consumers to settle payments in digital assets, stablecoins. Recall, last year Mastercard partnered with OKX to release the OKX Card. Thus another avenue to spend Traditional Finance (TradFI) and reap Crypto rewards.
Not to be outdone Visa brings their Tokenized Asset Platform (VTAP)
Visa released a new tokenized product, which will help banks issue fiat-backed tokens that will benefit consumers and merchants by capturing their digital asset spend. Keep in mind this is different than Visa Data Secure Platform (DSP) which was released way back in 2016. Bluefin was one of the first to adopt this and their P2PE (point-to-point encryption) offering.
Summary
It's hard to beat the global leaders at times, in this case they are paving the roads for the masses to earn and spend digital assets. Are you taking advantage of these offerings?
Credit - BLOG Image - digitaltokens.io = ALL RIGHTS REMAIN!
