Mastercard to launch cryptocurrency cards
The Mastercard payment service plans to launch cryptocurrency cards in the Asia-Pacific region. This was announced on the company's official website.
To do so, Mastercard has agreed to collaborate with three leading companies in the region, each offering digital asset purchase and exchange services in their home markets - Hong Kong-based Amber, Thailand-based Bitkub and Australia-based CoinJar.
In collaboration with these partners, who share the same core principles as Mastercard - that any digital currency should provide stability, compliance and consumer protection - Mastercard is expanding the cryptocurrency options to give people even more choice and flexibility in payment methods, said a payment network spokesperson.
Cryptocurrency holders will be able to instantly convert cryptocurrency into fiat money to pay for purchases around the world.
At the moment, interest in digital assets in the Asia-Pacific region is at an all-time high. According to a related Mastercard survey, 45% of its participants are considering using cryptocurrency payments in the next year.
Earlier it was reported that all Mastercard payment network partners will soon be able to integrate cryptocurrency into their services.