Mastercard to allow any retailer on its network to accept bitcoin payment

Mastercard is making a move that could lead to wider usage of bitcoin and other cryptocurrencies as payment for retail purchases. The payments network giant is partnering with digital asset platform Bakkt to enable crypto-as-a-service, which will provide retailers and other businesses in the Mastercard network with quick, cloud-based access to cryptocurrency capabilities.
Mastercard’s cryptocurrency services partners will be able to use the new hosted service to offer cryptocurrency solutions. These will include tools that enable consumers to buy, sell and hold cryptocurrency assets through Bakkt-based digital wallets, as well as streamlined issuance of branded crypto debit and credit cards. Read more…