The thousands of banks as well as millions of merchants on the Mastercard payment network are set to integrate cryptocurrency into their products.
With 2.8bn Mastercards in use, according to the company, this latest step towards the everyday use of cryptocurrency has the potential to rock the industry.
Companies with the Mastercard partnership will be able to offer crypto in line with their loyalty program backed by Bakkt as well as hotels and restaurants able to convert points customers may receive for perks for crypto instead.
“We want to offer all of our partners the ability to more easily add crypto services to whatever it is they’re doing,” Haymond said.
“Our partners, be they banks, fintechs, or merchants can offer their customers the ability to buy, sell and hold cryptocurrency through an integration with the Baktt platform.”
The crypto Mastercard will be available in 44 million locations and can process online and international transactions.
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