. The partnership intends to introduce cryptocurrency-linked credit, debit and prepaid cards for both individuals and businesses across Asia Pacific. Cardholders will be able to instantly convert bitcoin and other digital currencies into fiat currencies, which can then be spent online or offline with any of the merchants that accept Mastercard payments.
The collaboration comes as interest in cryptocurrencies soars to an all-time high in Asia Pacific, Mastercard said in a statement. The U.S. payment behemoth discovered in its latest survey that 45% of consumers in the region are considering using the digital coins within the next year, higher than the global average of 40%.
“In collaboration with these partners that adhere to the same core principles that Mastercard does—that any digital currency must offer stability, regulatory compliance and consumer protection—Mastercard is expanding what’s possible with cryptocurrencies to give people even greater choice and flexibility in how they pay,” said Rama Sridhar, Mastercard’s executive vice president who oversees digital partnerships in Asia Pacific, in the statement.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin, Ether Hit Record Highs As Crypto Market RalliesI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com With the current price of $68,263 USD, Bitcoin is well on its way to the moon. Uptober didn’t let us down. The fun will continue in November and December thanks to 8btcc who thought me the basis in Bitcoin and I’ve been doing great Bitcoin is breaking out, challenging new highs above $67.9k There is a short-term bullish set-up for 71.2k as a target this should be in line with a test of the rising resistance line I’ve been taking mjtru_ tweets and TA seriously & I’ve been doing extremely good For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Blakescott03 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️
Source: Forbes - 🏆 394. / 53 Read more »