Mastercard is queuing up a full suite of crypto partners, according to an announcement this week, in efforts to streamline its card program for crypto wallets and exchanges. The company initiative seeks to provide crypto companies with a card option that gives crypto-holders the ability to spend their digital assets anywhere that Mastercard is accepted.
Swipin’ New Partnerships
The flurry of partnerships include:
Circle Paxos Evolve Bank & Trust Metropolitan Commercial Bank Uphold BitPay Apto Payments i2c Inc. Galileo Financial Technologies
Each partner looks to play a unique role in Mastercards revitalization to the firm’s already existing Crypto Card Program. Evolve Bank & Trust and Metropolitan Commercial Bank are set to likely be the card issuers while Uphold and BitPay provide supporting crypto wallet technology infrastructure. Meanwhile, i2c Inc., Apto Payments, and Galileo Financial Technologies will support processing and program management for Mastercard.
Paxos and Circle, arguably two of the most recognizable names in the list, will