Mastercard unveils crypto-linked cards across the Asia-Pacific region

Mastercard unveils crypto-linked cards across the Asia-Pacific region

Mastercard is strengthening its foothold in the crypto industry following the launch of crypto-linked payment cards across the Asia-Pacific region on Tuesday.

The global payments giant will now offer its clients crypto-funded payment cards that will allow them to convert their digital assets into traditional fiat money in an instant.

The product is being launched in collaboration with three cryptocurrency service providers, namely Amber Group, Bitkub in Thailand, and CoinJar in Australia. The company explained:

Rather than directly transferring cryptocurrencies to a merchant, cardholders will now be able to instantly convert their cryptocurrencies into traditional fiat currency which can be spent everywhere Mastercard is accepted around the world, both online and offline.

Although Mastercard is yet to disclose which cryptocurrencies would be supported by the card, the company has already identified Bitcoin (BTC) and Ether (ETH) as two assets that have already been accepted to an extent but haven’t yet reached their maximum potential.

According to research carried out by the firm in the Asia-Pacific region, 45% of people surveyed revealed that they are considering using cryptocurrency in the next year.

The news of the crypto credit card spread like wildfire on Twitter, with influencers promoting the burgeoning mainstream appeal of Bitcoin and other digital currencies.

Meanwhile, the adoption of cryptocurrencies as a payment option has been relatively slow in comparison to the newfound legitimacy of cryptos as an investable asset class, proven by the market’s recent $3-trillion milestone.

This hasn’t stopped the firm from dabbling into several aspects of the crypto industry, probably in anticipation that digital assets will one day gain deserved recognition and adoption as a means of payment.

According to a BTC PEERS report from last month, Mastercard rolled out a new initiative with assets trading platform Bakkt to enable direct support for cryptocurrencies on its network. The firm also partnered with cryptocurrency exchange CoinJar to launch the first payment card that supports digital currencies in Australia.

Read more

MatchAwards Platform Demonstrates Why the MAPU Token Value Reflects Platform Confidence Over Speculative Trading

MatchAwards Platform Demonstrates Why the MAPU Token Value Reflects Platform Confidence Over Speculative Trading

Advanced AI-Powered Economic Development Platform with 75,000+ Users Positions Utility Token as Business Confidence Indicator Fayetteville, NC – MatchAwards, the leading AI-powered platform connecting businesses with government contracts and economic opportunities, today announced insights into why the MAPU token’s value strategy differs fundamentally from speculative penny token trading approaches.

By John Williams
PowerTrade & PowerDEX Launches First-Ever Options on xStocks, Bringing 24/7 Tokenized Stock Derivatives to Crypto

PowerTrade & PowerDEX Launches First-Ever Options on xStocks, Bringing 24/7 Tokenized Stock Derivatives to Crypto

Bristol, UK– PowerTrade, the leading altcoin options exchange, together with its decentralized counterpart PowerDEX, today announced the upcoming launch of the world’s first options trading on tokenized stocks (“xStocks”). Launching next week, this first-of-its-kind offering will debut with options on TSLAx and HOODx – tokenized representations of Tesla, Inc. and

By John Williams