Mastercard to Expand Crypto Payment Card Partnerships
Mastercard's head of crypto and blockchain, Raj Dhamodharan, has revealed that the company plans to expand its cryptocurrency payment card program by seeking more partnerships with crypto firms. Mastercard has already partnered with several crypto exchanges, including Binance, Nexo, and Gemini, to offer crypto-linked payment cards in some countries. While banks have become cautious about crypto clients, Dhamodharan stated that Mastercard is determined to provide access to cryptocurrency in a safe way. He emphasized that any card program undergoes full due diligence and is continuously monitored. Moreover, Mastercard has invested in crypto analytics technology and is enthusiastic about the underlying blockchain technology that powers cryptocurrencies.