Sunday, September 7, 2025

Mastercard To Begin Allowing Certain Cryptocurrencies On Its Network

The digital asset boom has been intensifying recently, as a number of financial platforms have opted to allow customers to conduct transactions using cryptocurrencies.

Back in October, Paypal announced that it would allow its American users to make transactions via a number of cryptocurrencies including Bitcoin, Litecoin, and Ethereum, in a bid to align itself with the digital currency boom. Now however, it appears that Mastercard has become the latest company to also embrace the trend, announcing that it will begin allowing cardholders to make transactions using certain digital currencies.

On Wednesday, Mastercard announced in a blog post that it is currently in talks with a number of central banks around the world regarding their plans to launch digital currencies, with the hopes of eventually onboarding those digital assets to its platform sometime this year. However, Mastercard did note that it will prioritize consumer protection and compliance measures, meaning that not all cryptocurrencies will be supported on its network.

Mastercard already has several partnerships with major cryptocurrency companies, including BitPay and Wirex, but the credit card company has always required digital currencies be transformed to fiat currencies using a different network. “Our change to supporting digital assets directly will allow many more merchants to accept crypto — an ability that’s currently limited by proprietary methods unique to each digital asset,” said Mastercard executive vice president of digital asset and blockchain products and partnerships Raj Dhamodharan.

Mastercard’s announcement came shortly after Tesla revealed its $1.5 billion Bitcoin purchase earlier this week, causing the cryptocurrency to skyrocket to new highs. Mastercard’s rival, Visa, has also said it will consider introducing cryptocurrencies to its platform in the event that digital assets become a recognized means of exchange.


Information for this briefing was found via Mastercard and Reuters. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Endeavour Silver Q2 Earnings: Growth Isn’t Always Pretty

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Recommended

ESGold Outlines $24.3 Million NPV For Tailings Reprocessing Project

First Majestic Encounters 711 g/t Silver Equivalent Over 8.0 Metres In Ongoing Exploration At Los Gatos

Related News

Bitcoin Investors Should Monitor Key Policy Actions by the Incoming Biden Administration in U.S.

As Bitcoin’s ascent has grown even more steep over the last few weeks, it is...

Saturday, January 2, 2021, 09:00:00 AM

Fiat Expansion Is Driving Money Into Hard Assets – The Daily Dive feat Florian Grummes

Today on the Daily Dive, host Cassandra Leah sits down with that of Florian Grummes,...

Tuesday, March 23, 2021, 01:30:00 PM

‘The Big Short’ Steve Eisman is Staying Away from Bitcoin

Tech stocks and cryptocurrencies have been at the spotlight of stock markets throughout the pandemic,...

Sunday, January 24, 2021, 03:12:00 PM

Major Chinese Crypto Exchange Bans Bitcoin Mining Operations

In a further effort to curtail bitcoin mining and subsequent cryptocurrency use in China, a...

Tuesday, May 25, 2021, 02:21:00 PM

Ray Dalio: US Debt Crisis Looms, But Gold Still Better Than Bitcoin

Bridgewater Associates founder Ray Dalio has kept his Bitcoin investment to “little, like 1% kind...

Monday, January 27, 2025, 02:04:00 PM