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Mastercard & cryptocurrency


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Mastercard is launching a program to let financial institutions offer cryptocurrency trading to their clients.

The payments giant will act as a “bridge” between Paxos, a crypto trading platform already used by PayPal, and banks. Mastercard’s program will handle regulatory compliance and security -- two core reasons banks cite for avoiding the asset class.

“There’s a lot of consumers out there that are really interested in this, and intrigued by crypto, but would feel a lot more confident if those services were offered by their financial institutions,” says Jorn Lambert, Mastercard’s chief digital officer.

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Sadly, looks like this has very little to do with XRP. Paxos only offers 8 cryptos to trade and XRP is rather unsurprisingly not one of them. I guess that is pretty much case closed on the Ripple Mastercard partnership from way back when 2017.


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