MasterCard And This Crypto Platform To Help Banks Offer Trading Services

MasterCard Will Help Banks Offer Crypto Trading Services

The payments giant Mastercard is launching a program to let financial institutions offer cryptocurrency trading to their clients, reported by CNBC.

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The payments giant will act as a "bridge" between Paxos and banks to help them offer crypto trading services.

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The company announced that it will manage the regulatory compliance and security for the banks.

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Mastercard's chief digital officer Jorn Lambert had earlier said that there is demand for cryptocurrencies among their clients.

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The payments giant said they will focus on keeping the banks on the right side of regulation by following crypto compliance rules.

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Mastercard's chief digital officer did not reveal which banks have signed up so far.

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The company is hoping more activity down the road that would lead to more transactions and fuel Mastercard's core business.

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