​Several companies in the Asia-Pacific region will launch Mastercard cryptocurrency cards

What's new? Three Asia-Pacific companies that have joined the global Mastercard program, Crypto Card Programme, Bitkub, CoinJar, and Amber Group, have announced the launching of their own cryptocurrency payment cards. They will allow users to easily convert virtual assets into fiat currency.

Information on the Mastercard website

What is the essence of the program? Mastercard announced its crypto card program in July 2021. It issued a press release outlining the essence of the offer:

“Today, not all cryptocurrency companies have the basic infrastructure to convert cryptocurrency into traditional fiat currency. And we simplify this task. Through our partnership with Evolve, Paxos, Circle, and the wider digital asset community, Mastercard is ready to give people around the world the choice of how and when to pay.”

What is the expert's opinion? Rama Sridhar, Executive Vice President, Digital and Emerging Partnerships, Asia Pacific, Mastercard commented on the partnership:

“In collaboration with these partners that adhere to the same core principles that any digital currency must offer stability, regulatory compliance, and consumer protection, Mastercard is expanding what’s possible with cryptocurrencies to give people even greater choice and flexibility in how they pay.”