Mastercard has partnered with crypto payments company MoonPay to launch stablecoin-enabled payment cards, allowing users to spend cryptocurrencies like USDC and USDT at over 150 million merchants worldwide .
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💳 What Are Mastercard Stablecoin Cards?
These are virtual or physical debit cards linked to users' crypto wallets. When a purchase is made, the card automatically converts stablecoins into local fiat currency at the point of sale, enabling seamless transactions at any location that accepts Mastercard .
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🔧 How It Works
Real-Time Conversion: Utilizing MoonPay's Iron infrastructure, the system facilitates instant conversion of stablecoins to fiat currency during transactions .
Global Acceptance: The cards are accepted at over 150 million merchants worldwide, leveraging Mastercard's extensive payment network .
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🌍 Why It Matters
This initiative bridges the gap between traditional finance and the crypto world, making it easier for users to utilize their digital assets for everyday purchases. It also opens up new avenues for businesses to accept crypto payments without the complexities of handling cryptocurrencies directly .
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📌 Key Highlights
Partnership: Mastercard and MoonPay.
Supported Stablecoins: USDC, USDT, and potentially others.
Acceptance: Over 150 million merchants globally.
Technology: Powered by MoonPay's Iron infrastructure for real-time crypto-to-fiat conversion.
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If you're interested in obtaining a Mastercard stablecoin card or learning how to use one, feel free to ask for more details!
