Mastercard is developing a blockchain-based multi-currency network to connect traditional financial institutions and the cryptocurrency sector.
The network aims to provide an easy-to-use user experience for digital asset transactions, similar to popular apps like Venmo or Zelle.
Mastercard's goal is to facilitate seamless fiat-to-cryptocurrency transactions for consumers, merchants, and financial institutions.
The company has already secured strategic partnerships with major players in the traditional financial industry and implemented over 100 cryptocurrency-focused card programs globally.