Mastercard Taps Into 100 Million Crypto Users With MoonPay Partnership

Mastercard Incorporated (NYSE: MA) announced on Thursday that it is partnering with crypto infrastructure company MoonPay to launch stablecoin-based payment solutions for global use. The company said the collaboration aims to bridge traditional finance with the crypto economy.

The partnership allows fintechs and enterprises to issue Mastercard-branded cards linked to stablecoin balances.

These cards will automatically convert stablecoins into fiat currency, making them usable at more than 150 million merchant locations worldwide.

Also Read: Mastercard CFO Says Shoppers Ready To Abandon The Web Browser In Favor Of AI Agents: ‘Paradigm Shift’ …

Full story available on Benzinga.com