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Tuesday

27 July 2021

Mastercard Floats Simplified Stablecoin Settlements for Businesses | BTCMANAGER

Mastercard Floats Simplified Stablecoin Settlements for Businesses | BTCMANAGER


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According to a press release issued on Tuesday (July 20, 2021), Mastercard has partnered with USD Coin (USDC) stablecoin issuer Circle, Evolve Bank & Trust as well as Paxos Trust Company to enable businesses to offer crypto cards.

Mastercard along with its retinue of crypto, banking, and fintech partners will test this new capability to determine its suitability for banks and cryptocurrency businesses to offer crypto payment options across merchants that accept Mastercard.

Through our engagement with Evolve, Paxos, Circle and the larger digital assets community, Mastercard expects to deliver on our promise of consumer choice to provide options to people around the world on how and when to pay.”.

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