Mastercard opens the door to cryptocurrency users: it will allow you to save and pay with them
Regardless of the controversies, we must be clear that cryptocurrencies are going to gain space in our lives, and Mastercard wants to be a participant.
In recent weeks, interest in cryptocurrencies in general and Bitcoin in particular has grown again. This is almost a continuum, but beyond the rises and falls in its value, the Tax Agency wants to put some order in the sector and the digital euro may not be such a distant bet as you think. In this context, a transition is beginning for some companies.
In any case, little by little A space is being created for cryptocurrencies in the current financial system and Mastercard has released a statement in which it informs that it will integrate some into its network, although it has not fully clarified how it will do so or which ones it refers to.
It should be noted that Mastercard was one of the companies that tried to support and support Facebook’s project with the Libra cryptocurrency, and his abandonment was a very hard blow. The interest is not new and now they warn that these coins will be used in their services, one of the largest payments in the world.
For now, the statement cites the opportunity to transfer and be able to make payments with cryptocurrencies without the need to exchange them for current currency at the time of carrying out these procedures, as it was happening. This is an important factor because it will not lead to as many complications or the loss of value that this change caused.
Although more than something practical, the Mastercard message looks more like a declaration of intent with which the door is opened to payments with cryptocurrencies in the future and to work with some of them, although none are specifically mentioned.
The number of users of this type of money is growing and there are many who want to use it in a legal way, so they will need the system to offer them the coverage necessary and with Mastercard they can keep it safely and send it naturally.
Important changes are coming in the coming years and it may be that beyond PayPal we will make a space in our lives for the cryptocurrencies that will begin to be used. In that area is where companies like Mastercard are seeing a business that is already starting to advertise directly.