Mastercard recently announced that it will support cryptocurrency payments, however, only the well-established and reliable digital currencies will be accepted. The move follows a huge surge in crypto transactions, allowing more retailers and businesses to accept the digital currencies as a form of payment. The credit card is evaluating the cryptocurrencies on four factors: consumer protection, compliance protocols, regulation adherence, and the popularity.
The credit card company discussed its thinking behind the innovative, stating: "Our philosophy on cryptocurrencies is straightforward: It’s about choice. Mastercard isn’t here to recommend you start using cryptocurrencies. But we are here to enable customers, merchants and businesses to move digital value – traditional or crypto – however they want. It should be your choice, it’s your money."
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