Mastercard has announced that this year it will announce an offer to support cryptocurrency on its network. However, the company also made it clear that it will not support all cryptocurrencies. Companies such as Blackrock Inc. and PayPal have already announced such offers.
New Delhi. Mastercard, a company that provides card payment facilities, can announce offers for kyptokrancy support on its network this year. The company has given information about this on Wednesday. MasterCard of this beginning will also be included in the list of companies that have taken similar steps to support cryptocurrency. It is worth noting that this announcement from MasterCard has come at a time when Elon Musk’s Tesla has announced to invest US $ 1.5 billion in bitcoin. It is reported that Tesla will soon start receiving payments in bitcoins.
Recently some companies have announced similar support for cryptocurrency. Asset management company BlackRock Inc. and payment companies Square and PayPal are included in this list.
MasterCard still offers transactions through cryptocurrency.
Let us know that currently MasterCard offers a similar customer card with which people can transact through their cryptocurrency. However, this company does not use its network for this.
MasterCard said on Wednesday, ‘By doing this, there will be a lot of possibilities for people and shops who shop. They will be able to transact in a completely new way. After this change, traders will get a chance to connect those buyers who are moving fast towards digital assets.
MasterCard will not support all cryptocurrencies
However, MasterCard also made it clear that its network will not support all cryptocurrencies. The company said that most of the thousands of cryptocurrencies will have to improve their compliance beforehand. Let me tell you that there are still many cryptocurrencies that investors and ordinary people do not trust. They fear fraud and money laundering through this.
what is every information about cryptocurrency?
Cryptocurrency is a generic name for all types of virtual currencies. A unit of cryptocurrency is a highly complex digital code. This code cannot be copied. Like common currency, cryptocurrency is also used as an exchange medium. It is designed for digital assets. Let us also tell you that bitcoin has reached record level.
