MasterCard has officially announced that it will expand its proprietary cryptocurrency exchange program in the very near future. The US company is already cooperating with various well-known banks in America to test a new range of services with regard to digital assets.
In an official appeal to users, MasterCard stated that this innovation will allow various world banks and cryptocurrency companies to offer special cards to customers interested in cryptocurrencies that will be suitable for these purposes.
The global financial services giant wants to make life easier for cryptocurrency firms, make the exchange process between cryptocurrencies and fiat funds convenient and as fast as possible. When people enter the MasterCard network, they can safely exchange Bitcoin, Ethereum for the US dollar, and vice versa.
Up to this point, many people tried to launch such an innovation, but there could be certain operational difficulties when trying to convert cryptocurrencies. When MasterCard cooperates with various banks to test its innovation, this will solve the problem for all MasterCard users and cryptocurrency custodians.
Back in February 2021, the company said that it would allow users to make payments in cryptocurrency due to the excessive interest of users in digital assets. And now they can even start creating crypto-oriented bank cards at the request of customers.
About 50% of MasterCard customers said that they will store and exchange cryptocurrency for fiat in 2022, so MasterCard is doing everything to satisfy the desires of its users.