Cryptocurrencies
Mastercard to Allow Some Crypto in Digital Asset Boom
- Company will prioritize consumer protection, compliance
- BNY Mellon says it will start dealing with crypto as well
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Mastercard Inc. will begin allowing cardholders to transact in certain cryptocurrencies on its network, becoming the latest company to embrace digital assets.
The firm is also “actively engaging” with central banks around the world on their plans to launch new digital currencies, according to a Mastercard blog post on Wednesday. The company will prioritize consumer protections and compliance in its own plans, Raj Dhamodharan, executive vice president of digital asset and blockchain products and partnerships, said in the post.