Mastercard wants to make crypto accessible to the masses by allowing banks to participate in it. On Monday, Mastercard will announce a program that will assist banks in introducing crypto trading, according to Bloomberg.
In addition to providing cryptocurrency trading services, Mastercard will act as a “bridge” between existing crypto trading platform Paxos and financial institutions, according to the company.
Banks can handle compliance and security issues to make crypto trading possible, according to Mastercard. However, this has been met with some opposition. Banks have lost billions in hacks and high-profile bankruptcies since January in addition to suffering billions in hacks. Cryptocurrencies like bitcoin are known for their volatility, and the world’s top digital assets have lost nearly half of their value this year.
