MasterCard has token 30% transactions in 2024 and recognized Stabelcoin and other cryptocurrency as emerging competitors in the payment industry.
MasterCard is Announced It makes 30% token of its transactions in 2024, which is a major step in its efforts to integrate digital assets into their payment services.
The company also said that it collaborates with many crypto platforms to allow consumers to buy cryptocurrency using their cards and are spent wherever the master card is accepted.
In addition, the company acknowledged the growing impact of stablecunes and other cryptocurrency as key competitors in the payment industry. It has been reported that as regulation continues around Crypto, due to developing, digital property like Stabecrim may see increased adoption due to their access, irreversibility and efficiency.
Crypto’s traditional finance
Traditional financial service provider Crypto such as MasterCard is integrated into his offerings. In 2021, a major contestant for visa, mastercard, began to accept a stabechoin, USD coin (USDC), a stabelcoin to dispose of transactions on their network. The company participated with Crypto.com to integrate its crypto services in the standard disposal process of visa.
This growing and adoption of Crypto is not limited to consumer-supporting financial services only. There is also significant progress at the bank level.
Last year’s October, Visa Pur: Its visa is a product designed to help the token asset platform, release banks and manage fiat-supported tokens on blockchain networks.
Possible benefits of the platform include automatic complex financial processes, such as the credits lines, and real -time transactions with token items. BBVA is planning to start a pilot program using a prominent partner, stage testing the stage and using the Etreum Blockchain in 2025.
