Here is a simplified summary of Mastercard's new initiative regarding Stablecoin Cards in Arabic:
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🟨 What are Mastercard's Stablecoin Cards?
Mastercard Stablecoin Cards are traditional cards that can be used anywhere Mastercard is accepted, but instead of withdrawing money from a traditional bank account, the card withdraws funds from your cryptocurrency digital wallet, specifically from stablecoins like USDC or USDP.
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🔑 Key points of the project:
1. Global Partnerships
Mastercard has collaborated with major companies in the cryptocurrency world such as:
MetaMask
Binance
OKX
Crypto.com
Kraken
Gemini
Bybit
This allows digital wallet holders to use stablecoins for payments in over 150 million stores worldwide.
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2. OKX Card with Mastercard
The "OKX Mastercard" has been launched, which connects digital currencies with everyday expenses. You can use it like a bank card, but funds are withdrawn from your digital wallet.
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3. Payment and receipt in stablecoins
Mastercard now allows merchants to receive payments directly in stablecoins like USDC instead of converting them to dollars or euros. This benefits fast and inexpensive international transfers.
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4. New services:
Mastercard Move: Allows you to withdraw stablecoins and convert them directly to your bank account.
Crypto Credential: Instead of using long and complex wallet addresses, you can