. The partnership intends to introduce cryptocurrency-linked credit, debit and prepaid cards for both individuals and businesses across Asia Pacific. Cardholders will be able to instantly convert bitcoin and other digital currencies into fiat currencies, which can then be spent online or offline with any of the merchants that accept Mastercard payments.
The collaboration comes as interest in cryptocurrencies soars to an all-time high in Asia Pacific, Mastercard said in a statement. The U.S. payment behemoth discovered in its latest survey that 45% of consumers in the region are considering using the digital coins within the next year, higher than the global average of 40%.
“In collaboration with these partners that adhere to the same core principles that Mastercard does—that any digital currency must offer stability, regulatory compliance and consumer protection—Mastercard is expanding what’s possible with cryptocurrencies to give people even greater choice and flexibility in how they pay,” said Rama Sridhar, Mastercard’s executive vice president who oversees digital partnerships in Asia Pacific, in the statement.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto rally lifts ether to new record, bitcoin to near 3-week highBitcoin rose to a two-and-a-half-week peak on Monday and ether climbed to a fresh record as cryptocurrencies ride higher on a wave of momentum, flows, favourable news and inflation fears. wow This is just the beginning 🚀
Source: Reuters - 🏆 2. / 97 Read more »
Bitcoin, Ether Hit Record Highs As Crypto Market RalliesI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com With the current price of $68,263 USD, Bitcoin is well on its way to the moon. Uptober didn’t let us down. The fun will continue in November and December thanks to 8btcc who thought me the basis in Bitcoin and I’ve been doing great Bitcoin is breaking out, challenging new highs above $67.9k There is a short-term bullish set-up for 71.2k as a target this should be in line with a test of the rising resistance line I’ve been taking mjtru_ tweets and TA seriously & I’ve been doing extremely good For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Blakescott03 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️
Source: Forbes - 🏆 394. / 53 Read more »
Cash in, fraud out: Criminals target bitcoin ATMs as crypto popularity surgesCriminals are cashing in on bitcoin ATMs around the country, using the largely anonymous transactions for drug trafficking, money laundering and a variety of fraud, officials say. Bitcoin is breaking out, challenging new highs above $67.9k There is a short-term bullish set-up for 71.2k as a target this should be in line with a test of the rising resistance line I’ve been taking 10Ethbtc tweets and TA seriously & I’ve been doing extremely good Just as Warren Buffet predicted.... EamonJavers
Source: NBCNews - 🏆 10. / 86 Read more »
Elon Musk's Twitter antics prompt launch of risky Lorde Edge, abide(n) crypto coinsSeveral new tokens appear to have been inspired by the SpaceX CEO's Twitter activity over the past two days, but people should be cautious about investing.
Source: Newsweek - 🏆 468. / 52 Read more »
Chinese Developer Kaisa to Speed Up Asset Sales After Missing PaymentChinese property developer Kaisa plans to speed up asset disposals to meet investor obligations, after the indebted company missed a payment on a wealth-management product last week.
Source: WSJ - 🏆 98. / 63 Read more »
Bitcoin and ether hit new all-time highsThese record-breaking moves come amid a wider rally in the crypto market. Ether🤦♂️🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤣🤣🤣🤣🤣🤣🤣🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡 Are you not entertained?
Source: CNBC - 🏆 12. / 72 Read more »