The financial-services giant said it will accept payments in digital currencies that meet the company’s regulatory and reliability standards, starting this year. Anyone hoping to use a Mastercard to pay for a cup of coffee with Bitcoin might be disappointed, however, as the company indicated it’s only interested in supporting less volatile stablecoins. (The Logic)
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The financial-services giant said it will accept payments in digital currencies that meet the company’s regulatory and reliability standards, starting this year. Anyone hoping to use a Mastercard to pay for a cup of coffee with Bitcoin might be disappointed, however, as the company indicated it’s only interested in supporting less volatile stablecoins. (The Logic)
Talking point: The announcement is another milestone toward mainstream adoption of cryptocurrencies, as the price of Bitcoin soars to all-time highs. U.S. bank BNY Mellon said today it will hold and transfer cryptocurrencies on behalf of its clients. Square and PayPal, two other major digital-payment companies, announced last year they would allow users to trade cryptocurrencies, while Tesla disclosed a US$1.5-billion investment in Bitcoin in a regulatory filing Monday. Meanwhile, financial-technology company Mogo announced it is taking a 20 per cent stake in digital-asset trading platform Coinsquare—tying up two Canadian firms in yet another cryptocurrency deal fuelled by a hot market.
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