Image Source
Finally, a crypto Mastercard! - Despite the difficulties, cryptocurrency debit cards seem to be gradually gaining ground. After COINBASE which succeeded in obtaining a license from Visa , it is today Wirex which acquires a license to issue Mastercard cards.
Wirex, first crypto-issuer of Mastercard cards
The outlook for UK-based crypto company Wirex is stronger than ever. Yet like CRYPTO.COM and others, Wirex has recently been affected - indirectly - by the Wirecard scandal .
The bankruptcy of this Visa debit card company is still far from being resolved. It can still affect its customers in the cryptosphere. However, Wirex appears to have managed to shield itself from these issues. In a press release issued this July 20, it actually learns Wirex becomes the first platform of crypto-assets to obtain a license key member of the network Mastercard .
With this license, Wirex will no longer have to go through a third party (such as Wirecard) to issue its crypto debit cards and will be able to provide them directly to its users.
“We are very happy that Wirex is the first crypto company to obtain Mastercard Principal Member status (…). This represents a growing recognition and interest in the acceptance of cryptocurrency by major organizations and regulators (…). » , Pavel Matveev, CEO and co-founder of Wirex
Betting on cryptos: a necessity for Mastercard
According to the release, consumer interest and investment in digital currencies is increasing . A growing number of traders and financial institutions are exploring crypto payments.
It was therefore essential for Mastercard to set foot in the cryptosphere.
“The cryptocurrency market continues to mature, and Mastercard is moving it forward, creating safe and secure [payment] experiences for consumers and businesses (…). Our work, with Wirex and the crypto ecosystem, (…) accelerates innovation and gives consumers greater choice in their payment method. » , Raj Dhamodharan, Executive Vice President of Mastercard
Accepted by millions of merchants across the planet, Mastercard cards are an asset, both for Wirex and for wider adoption of cryptocurrencies.
Now, the two credit card payment giants have a member of their network in the blockchain universe - Coinbase for Visa, and Wirex for Mastercard. Cryptocurrencies seem to become the new essential payment method.
Please feel free to subscribe to CryptoPlanet360 on Youtube to get the latest videos about Crypto projects and Blockchain
Subscribe here: https://bit.ly/2NSkrOU
You are Welcomed to Follow my new Space about Crypto and Blockchain. It is a well organized and educative space:
Follow this link: https://www.quora.com/q/cryptoplanet360