Mastercard has announced a new partnership to enable its partners to offer cryptocurrency rewards and products.
In Brief:
It's teamed up with digital wallet business Bakkt.
Crypto rewards and products will be offered to the payments giant’s US partners.
Cryptocurrency will be offered as rewards for transactions instead of loyalty points on credit cards.
What does this mean?
Banks will not only be able to offer cryptocurrency as a reward to customers, but the infrastructure will also enable cryptocurrency debit and credit cards to be issued. Mastercard continues to invest in digital assets since Visa is already offering cards with cryptocurrency capabilities.
