Mastercard Will Let Merchants Accept Payments in Crypto This Year
The payments giant plans to support digital currency transactions directly on network.
In the company’s latest quarterly earnings call, CEO Michael Miebach noted that the company is investing in smart contract technology to pair with central bank digital currencies.
Gemini cardholders will be given the option to transfer their crypto rewards into interest-earning program Gemini Earn.
The payments giant polled 15,569 consumers in 18 countries; 40% said they plan to use cryptocurrency in the next year.
The card supports 18 currencies, crypto among them.
The Bahamian Sand Dollar can now be used for payments anywhere Mastercard is accepted.