Announced at Money20/20, the partnership also expands Mastercard’s rewards scheme to include crypto and will allow for the issuance of branded crypto debit and credit cards.
Mastercard says the “multifaceted partnership” will enable “Crypto-as-a-Service” and make it easier for its customers to integrate and offer cryptocurrency solutions, with consumers afforded expanded access to digital assets.
Leveraging its own network and Bakkt’s digital asset platform, Mastercard says consumers will be able to buy, sell, and hold digital assets through e-wallets and cards and earn and spend rewards in cryptocurrency.
