.Mastercard has reportedly partnered with PaxosGlobal to offer a program that will help financial institutions offer cryptocurrency trading. By parikshitm899
Mastercard will handle the regulatory compliance and security for banks, according to the report. The payments firm had earlier started a service that allows issuers to“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,” Mastercard’s chief digital officer, Jorn Lambert, told CNBC. “It’s a little scary to some people still.
Mastercard will help banks follow crypto compliance rules, verify transactions, provide anti-money-laundering and identity monitoring services, according to the report.
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