💳💰Mastercard Launches Cards With Stablecoins Together with MoonPay and Aims at 150 Million Merchants.💲💲💲
Mastercard announced its new collaboration with MoonPay, the cryptocurrency payment platform, to launch cards linked to stablecoins, which can be used at over 150 million merchants worldwide.
According to MoonPay, each wallet will have access to the new cards powered by stablecoins, which makes the buying and selling and exchange of digital assets accessible. Mastercard's official statement indicated that the cards will be based on infrastructure developed by Iron, a firm acquired by MoonPay in March.
The objective of the project is to allow various firms in the payment ecosystem to manage their disbursements in a practical and efficient manner. This way, it overcomes the limitations of international transfers.
By combining Mastercard's reliable global payment network and its digital asset capabilities with MoonPay's advanced infrastructure, this alliance aims to offer faster and more intuitive payment solutions for both merchants and consumers, as stated in Mastercard's press release.
According to MoonPay, each wallet will have access to the new cards powered by stablecoins, which makes the buying and selling and exchange of digital assets accessible. Mastercard's official statement indicated that the cards will be based on infrastructure developed by Iron, a firm acquired by MoonPay in March.
The objective of the project is to allow various firms in the payment ecosystem to manage their disbursements in a practical and efficient manner. This way, it overcomes the limitations of international transfers.
"By combining Mastercard's reliable global payment network and its digital asset capabilities with MoonPay's advanced infrastructure, this alliance seeks to offer faster and more intuitive payment solutions for both merchants and consumers," as stated in Mastercard's press release.
