Game Change. The Mastercard credit cards giant has just announced a news that could well revolutionize The digital payments sector. The company plans to integrate stablecoins into its global network of payments, allowing consumers and traders to use these stable cryptocurrencies as easily as money on their bank accounts. And it could change everything.
- Mastercard has announced the integration of stablecoins into its global payment network, which could revolutionize the digital payment sector.
- The company is collaborating with stablecoins issuers like Circle and Paxos to allow the use of stable cryptocurrencies via traditional cards in more than 150 million points of sale.
Mastercard wants to allow stablecoins to spend
According to a press release published today, MasterCard works in close collaboration with stablecoins transmitters as Circle (USDC) and Paxos To offer a full payment solution. Consumers will be able to earn Rewardspay And Spend stablecoins via traditional maps in more than 150 million points of sale Accepting MasterCard around the world. In addition, it will be possible to withdraw stablecoins from bank accounts via the service MOVE MASTERCARD.
“To allow consumers and companies to use stablecoins as easily as money on their bank accounts, Mastercard offers an approach integrated with 360 degrees. »»
Mastercard spokesperson-Source: Press release
Growing adoption by major financial institutions
This announcement comes as the US Congress examines stablecoins legislation which could increase its adoption and use. Leading banks are also preparing to enter the market stable back to the US dollar
Earlier this month, MasterCard trained a strategic partnership with Blue To integrate stablecoins payments into the traditional financial infrastructure.
Jorn LambertProduct Director at Mastercard, made the following statement:
“Regarding blockchain and digital assets, the advantages for cases of consumer use are clear. We believe in the potential of stablecoins to rationalize payments and trade throughout the value chain. »»
Jorn Lambert, Product Director at Mastercard – Source: Press release
With a total offer of stablecoins backed by the US dollar recently exceeding $ 230 billion, the market is expanding. But according to Citigroup analysts, the market could even represent up to $ 3700 billion by 2030! MasterCard’s initiative could therefore pave the way for an even wider adoption of these stable cryptocurrencies and participate in their Large -scale democratization … and at high speed.