Mastercard will Allow Banks to Carry out Cryptocurrency Trading Operations | The African Exponent.

The Crypto Source program will connect MasterCard partner banks with a cryptocurrency trading platform. Find out more about how to deal with crypto biti app ai

What happened? Mastercard, one of the largest payment systems in the world, introduced the Crypto SourceTM program, which allows financial institutions to provide customers with access to transactions in the cryptocurrency market.

The Crypto Source program will serve as a connecting link between MasterCard’s partner banks and Paxos Trust Co.’s cryptocurrency trading platform.

The program is based on the results of this year’s Mastercard New Payments Index survey, according to which 29% of respondents worldwide hold cryptocurrency as an investment, and 65% of respondents would like to see cryptocurrency-related services provided by the financial institution where they are served and to which have trust

Mastercard will now provide technology and partner support that will facilitate the purchase, holding, and sale of selected crypto assets, security management, cash-out capabilities, and cryptographic program management. Biti codes could show you additional info about that.

The payment system also offers cryptocurrency payments and withdrawals using a number of products, including crypto cards, open banking, and cross-border services. Financial institutions will also be able to offer additional services using Mastercard technologies.