Mastercard to support cryptocurrency on its network
- The company has already teamed up with cryptocurrency players such as Wirex and Bitpay to launch cryptocurrency cards in the past, but those players were converting cryptocurrencies to fiat currencies at their end
Mastercard has announced it will add cryptocurrency to its network. In a blog post on Wednesday, the international payments major indicated that it will give preference to 'stable coins' or cryptocurrencies that are linked to fiat currencies like the dollar.
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