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Cryptocurrencies: 22845
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Cryptocurrencies: 22845
Markets: 83121
Market Cap: $1,975,203,902,777     
24h Vol: $64,901,144,366
Seeking Alpha 2021-02-11 12:17:29

Mastercard to support crypto payments for merchants

Mastercard to support crypto payments for merchants
"We are preparing right now for the future of crypto and payments, announcing that this year Mastercard (MA) will start supporting select cryptocurrencies directly on our network," says the company.The move makes good on new CEO Michael Miebach's recent promise to bring digital payments "directly on our network" - see the Q4 earnings call transcript here.More from Mastercard: "Our philosophy on cryptocurrencies is straightforward: It’s about choice. Mastercard isn’t here to recommend you start using cryptocurrencies. But we are here to enable customers, merchants and businesses to move digital value."Galaxy Digital chief Mike Novogratz says this development is huge, but the flow of good news for Bitcoin (BTC-USD) has been so great of late, that it's going nearly unnoticed.Bitcoin now up to $46.4K, recovering some of its sizable losses from yesterday.
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