MasterCard recently announced that it will support Cryptocurrencies by the end of 2021. It is not yet clear what currencies MasterCard will support on its network.
According to The Block, MasterCard wrote in a post on its official blog:
In another part of the MasterCard announcement, it is stated:
It is unknown at this time what Cryptocurrencies MasterCard will support. The payment giant said:
MasterCard has also announced that stable coins will be among the company’s sponsored Cryptocurrencies. The company wrote about this:
Prior to the announcement of MasterCard’s new plans, the company’s activities in the field of digital currencies revolved around card services. MasterCard, for example, provided an opportunity for users to make purchases through card readers using digital currencies. It is worth noting that in this method, acceptors received government currencies instead of digital currencies.
Digital Currency Group and Coinbase were named in Time Magazine's 100 Most Influential Companies in 2021.
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