Crypto Trading Adoption Mastercard Program To Help Banks With Crypto Trading

Mastercard serving as a bridge between banks and their customers who are interested in crypto trading services or offers. This was made known in a report by CNBC news as said they plan to act as a bridge between banks and blockchain infrastructure Paxos to make this easier for masses to access digital assets.
Well with this move it will rub off positively on the ecosystem as this will initiate new kind of users to the system. In their words which they said;

“There’s a lot of consumers out there that are really interested in this, and intrigued by crypto, but would feel a lot more confident if those services were offered by their financial institutions.
It’s a little scary to some people still.”

source

The aim of this is initiative is to solve the regulatory and security problems as regards the trade, and as associated with virtual assets for banks. I pretty much appreciated the opinion of the CDO of Mastercard as he was a bit positive in he’s remarks and also pointed out the fact that cryptocurrency would not be where it is now without it traditional finance;

“It would be shortsighted to think that a little bit of a crypto winter heralds the end of [the industry] – we don’t see that. As regulation comes in, there is going to be a higher degree of security available to the crypto platforms and we’ll see a lot of the current issues getting resolved in the quarters in the years to come…

It’s hard to believe that the crypto industry will truly go mainstream without embracing the financial industry as we know it.”

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