(Reuters) – Mastercard Inc said on Wednesday it was planning to offer support for some cryptocurrencies on its network this year, joining a string of big-ticket firms that have pledged similar support.
The credit-card giant’s announcement comes days after Elon Musk’s Tesla Inc revealed it had purchased $1.5 billion of bitcoin and would soon accept it as a form of payment.
Asset manager BlackRock Inc and payments companies Square and PayPal have also recently backed cryptocurrencies.
Mastercard already offers customers cards that allow people to transact using their cryptocurrencies, although without going through its network. Read more…..
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Ari Sarker, co-president for Asia-Pacific at Mastercard Inc., discusses the outlook for the global economy amid the coronavirus outbreak and the implications for his company. He speaks from the sidelines of the Singapore FinTech Festival with Haslinda Amin and Rishaad Salamat on “Bloomberg Markets: Asia.”