MasterCard Allows Banks to Offer Digital Currency Offers in Credit Cards


The American electronic payment card company, MasterCard, decided to allow banks to offer cryptocurrency offers to users of credit and borrow cards, in the framework of the American company’s recent permission to use digital currencies.

According to a statement issued today, MasterCard has signed an agreement with cryptocurrency company Bakkt, which spun off from Intercontinental Exchange earlier this year, and as part of the changes, MasterCard will make it easier for customers to spend prizes they receive from banks in cryptocurrency at millions of retail stores registered on MasterCard Network.

“By working with Bakkt and building on our principled approach to innovation, we will not only enable our partners to offer a dynamic mix of digital asset options, but also provide unique and relevant experiences for customers,” Sherry Haymond, executive vice president of digital partnerships at Mastercard, told Bloomberg News.

MasterCard announced earlier today its intention to allow its cardholders to transact with certain types of digital currencies on its networks. And last July, the giant electronic payment systems company said that it would cooperate with emerging companies in the field of digital and cryptocurrency as part of efforts to facilitate customers’ buying, selling and holding digital currencies.