Mastercard to Allow All Banks and Merchants to Offer Crypto Services

After announcing earlier this year that it would begin facilitating cryptocurrency transactions, Mastercard is preparing to announce that any bank or merchant on its network will soon be able to provide crypto services to its customers. The move, which Mastercard will make in a partnership with crypto firm Bakkt, should significantly expand how Americans use digital assets.

KEY TAKEAWAYS
Mastercard is helping lead the charge in moving cryptocurrency toward mainstream adoption.
Banks and merchants on the Mastercard network will soon be able to integrate digital assets into their product offerings to consumers.
Bakkt, a relatively new crypto firm, will provide custodial services for financial institutions and merchants that participate in the program.

Source: https://www.investopedia.com/mastercard-to-allow-all-banks-and-merchants-to-offer-crypto-services-5207174