Saturday, September 13, 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

Soma Gold Q2 Earnings: Production Drops Amid Growth Effort

Guanajuato Q2 Earnings: Things Are Going Backwards

Electric Metals: The Sole US Domestic Source Of A Critical Mineral?

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Canada’s Securities Regulator Approves First Bitcoin ETF in North America

The first publicly-traded Bitcoin ETF in North America has been granted approval by Canada’s financial...

Friday, February 12, 2021, 12:51:15 PM

MicroStrategy’s Michael Saylor Defends Bitcoins Environmental Impact: “Most Efficient, Cleanest Industrial Use Of Electricity”

MicroStrategy (Nasdaq: MSTR) Executive Chairman Michael Saylor defends bitcoin anew regarding its impact on the...

Thursday, September 15, 2022, 10:15:17 AM

DigiMax Reports Early Results Of Crypto Price Trend Predictor Tool

DigiMax Global (CSE: DIGI) this morning provided an update in relation to its crypto-related assets....

Monday, June 28, 2021, 08:35:28 AM

Cryptocurrency Crash Prompts UK Regulator to Issue Stark Warning to Retail Investors

Following what has been a record resurgence in Bitcoin amid an increased interest among large...

Tuesday, January 12, 2021, 10:41:00 AM

Hut 8 Mining: Bitcoin & Ethereum Mining – The Daily Dive

Joining us on the Daily Dive today for the first time is Suzanne Ennis, Head...

Thursday, September 16, 2021, 01:30:00 PM