Mastercard will let consumers buy and sell digital assets through their bank accounts.
a service that will let consumers buy and sell digital assets through their bank accounts, potentially paving the way for thousands of finance firms to offer crypto trading for the first time.
While banks have been warming up to crypto over the past few years, the vast majority have shied away from holding virtual currencies and offering them to their retail clients because of regulatory concerns. But with thousands of bank partners, Mastercard’s service could help cryptocurrencies gain more mainstream adoption.Being able to buy crypto “from your own bank where you have your bank account is a very big need from the market and something consumers want”, Bhalla said.
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