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Home Cryptocurrency

Mastercard adds wallets and loyalty rewards to its cryptocurrency offerings

Tech Gist Africa by Tech Gist Africa
10/25/2021
in Cryptocurrency, Digital Currency, Digital payments, Digital Wallet, Payment, World News
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Mastercard Cryptocurrency

Mastercard Cryptocurrency

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Mastercard announced that its network partners would be able to provide their customers the ability to purchase, sell, and keep cryptocurrencies via a digital wallet, as well as reward them with digital currencies through loyalty programs.

In February, the business announced that it would begin supporting various cryptocurrencies on its network this year.

The credit card company announced that it would provide these services in collaboration with Bakkt Holdings, the digital asset platform launched by NYSE-owner Intercontinental Exchange.

Bitcoin, the world’s most popular cryptocurrency, hit a new high of $67,016 last week, following the launch of the first bitcoin futures-based exchange traded fund in the United States. This year, it has more than doubled in value.

Customers can earn and spend reward in cryptocurrencies instead of loyalty points, according to Mastercard.

 

Read more on Tech Gist Africa:

Walmart has completed the first phase of its Bitcoin ATM rollout

China has declared all cryptocurrency transactions to be illegal

PayPal has launched cryptocurrency buying and selling in the United Kingdom

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Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

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