That MasterCard And VISA are fighting each other mostly on the sector of cryptocurrencies it is not a mystery to those who have followed us for a long time. However, few would have expected such a move bold from MasterCard, which has just sealed partnerships in the Pacific to create cryptocurrency-based payment cards.
The partnership was concluded with Amber, Bitkub And CoinJar.
Mastercard is serious – and is ready to go across the Pacific with its crypto cards
Mastercard has long been in the crypto world, even if these first extremely concrete steps in one of the fastest growing areas in the world should nevertheless be greeted with a certain degree of optimism. The strongest group in the world regarding card payments has in fact closed three very important collaborations with some of the most important groups in the crypto sector in that area of the world.
In fact, we are talking about Amber Group – which has a strong presence in South Korea, Hong Kong And Taiwan, together with Bitkub for the Thailand and from CoinJar for the Australia. For a system that will become part of the global program of MasterCard dedicated to BTC but not only – because support for many others will be provided cryptocurrencies thick, which can be functional for the payment even of small sums.
What these partnerships will allow
They will allow you to instantly convert your balance sheet into cryptocurrencies in fiat currency relative and therefore to pay as if it were a very common paper, without the shopkeeper having to do anything with the acceptance or rejection of the payment.
Local currencies will always be obtained from the recipient, without having to have a wallet or a additional service. Something that is sure to turn up their noses maximalists and to those who dream of getting rid of all the circuits related to old finance, but at the same time, this is absolutely it undeniable, will contribute to further spreading the world of cryptocurrencies.
Expansion that will take place in economies that are currently among the strongest in terms of growth – with a very young population (at least compared to Europe) and with a very high focus on new technologies.
What kind of news is this?
This is bullish news for the entire industry. In terms of acceptance a waterfall by now we cannot have any kind of doubt about the destinies of BTC, but also of ETH and other cryptocurrencies that will join the global program of MasterCard. With VISA that will not remain idle, for a future in the world of payments that will increasingly speak the language of cryptocurrencies.