Payments giant Mastercard has designed a programme to bring crypto trading capabilities to financial services companies.
In Brief:
It’s working with Paxos, a blockchain infrastructure platform.
The Mastercard Crypto Source programme aims to make it easier for customers of banks and FinTechs to buy, hold and sell certain crypto assets.
It will also include identity, cyber, security and advisory services.
What does this mean?
The development comes as a survey by Mastercard shows 29% of global respondents hold crypto, while 65% would be interested in crypto services provided by their incumbent financial institution.
