Mastercard has been upping its bet in the bitcoin space of late. The payments processor, alongside its rival Visa, has realized that the future of payments will happen on the blockchain, hence it is better to get in now than later. This has put MasterCard at the forefront of development on the payments side of cryptocurrencies, propelled forward by its enormous resources that can be put towards research. The latest in the long line of innovation in the crypto space is the launch of crypto payment cards in the Asia Pacific. The cards will help accelerate MasterCard’s effort to enable crypto payment in the world, along with buying and selling their cryptocurrencies. Users will be able to spend bitcoin and other digital currencies using the card in Asia-Pacific. Mastercard Launches Asia-Pacific’s First Crypto Card Mastercard announced on Monday that it would be releasing Asia Pacific’s first crypto-liked payment card. Users would be able to fund their cards using bitcoin and other cryptocurrencies, which would be automatically converted to fiat currencies, and they can use the cards to pay for goods and services wherever Mastercards are accepted. Individual customers and businesses will be able to take advantage of the cards, which offer a choice between credit, debit, or prepaid crypto cards. Related Reading | How Bitcoin Has Performed Compared To Top Stocks Mastercard partnered with leading digital currency companies in th...
