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ARTICLE · 20 OCTOBER 2022

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Mastercard To Help Banks Offer Crypto Trading

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Mastercard announced on Monday, 17 October the launch of a program that will allow banks offer secure crypto trading to their customers by verifying transactions and helping financial institutions follow compliance rules.

MaltaTechnology
Joseph F. Borg
Joseph F. Borg
Summer Bolcerek
Summer Bolcerek
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Mastercard announced on Monday, 17 October the launch of a program that will allow banks offer secure crypto trading to their customers by verifying transactions and helping financial institutions follow compliance rules. The program called Crypto SourceTM was developed in partnership with Paxos, a crypto trading platform used by companies like PayPal. Mastercard's financial institutions partners will gain access to a comprehensive selection of buy, hold, and sell services for select crypto assets. Said crypto assets will be augmented with a proven identity, cyber security and advisory services. 

In addition to Crypto SourceTM, Mastercard is also launching Mastercard Crypto SecureTM, bringing additional security to the crypto program and supporting card issuers in their regulatory compliance.

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