The management of a large payment company Mastercard announced that this year the company’s systems will begin to support payments in certain cryptocurrencies.
“Regardless of your opinion about cryptocurrencies – whether you are a fan or a hardened skeptic – the fact is that digital assets are becoming an increasingly important part of the payments world. We are already preparing for the future of cryptocurrencies and payments, and declare that already this year Mastercard will begin directly supporting certain cryptocurrencies, “- noted in an article in the company’s blog.
It is not yet known what kind of cryptocurrencies the Mastercard system will support, but the authors of the article promise that the company’s specialists “will very carefully select cryptocurrencies, based on the principles of consumer protection and compliance with regulatory requirements.” Most likely, the payment company will add support for stable cryptocurrencies first.
“For clarity, it should be added that not all cryptocurrencies will be supported on our network. Stablecoins have become more regulated and reliable lately, but hundreds of digital assets need to be in compliance with regulatory requirements, so they are not suitable for us. We hope that consumers and the entire ecosystem will contribute to the development of reliable and secure cryptocurrencies, ”the article says.
Earlier, Mastercard CEO Ajay Banga said that bitcoin, due to its volatility, cannot function as a currency for people without access to banking services.
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