Topic: Mastercard to launch crypto-linked payment cards in Asia Pacific (Read 105 times)

Every business starts small, if they will start accepting crypo or atleast findways to incorporate crypto in their projects. It will also attract more users to engaged in crypto as many trust their money in bank. Sooner more and more will use crypto and banks have no choice but to advance their system to start accepting crypto or atleast to learn how cryptoccurrencies work. The era now is more on tehnology and many uses electronic banks now so this move linking crypto will need to mormalize and to develop once they see the impact of this latest move.

It will definitely start with small sample size first. They will test how it is going and eventually they will start to use it in bigger and bigger samples. Eventually if they see that it is actually working and it is a profitable thing for them then they will put it on all of the things they provide as long as it is legal. It will not even be just Asia pacific or anything, it will be the whole world that they could do as long as they are allowed.

There is no avoiding crypto, it is the biggest innovation in finance for the past century and people will have to accept that it is here to stay and it is not leaving. Same goes for companies as well, you can't avoid it, because it is here to stay and you better partake in it.

According to the earlier article around February that they would support select cryptocurrencies. So whether or not they are going to partner with a lot of companies to accept multiple currencies that each of them supports and with that, I think it doesn't matter what choice they have or what partner. I think it's always not limited to them giant companies.


And they are also protecting themselves by saying this.


So with the exposure that they have within their reach, I think it will push us to an even higher level.

Nope, no secret there


You'll be able to do that you can convert your balances any time you wish, it will be just like with Wirex and Binance, you're going to have a linked account and a standard account.

Of course, I too hoped for much more but unfortunately, at this point, there is no way to have something better than this unless somehow a bank will manage to get approval to hold cryptocurrency as a deposit so when a payment will be done to a merchant he could use the same conversion as we do before a payment.
These things are happening already with different currencies like EUR>GBP>USD but the merchants need a bank on the other end accepting crypto as a deposit for it to happen.

Yeah, not really news unless ALL Mastercard users regardless of provider can buy/sell send/spend crypto using their card (including or even more importantly, from credit card). Far as I know, all crypto enabled cards are debit. I think the real deal happens when they can opt for crypto payments instead of fiat when spending or borrowing against a credit line.

Still, can't be bad news

Mastercard to launch crypto-linked payment cards in Asia Pacific

I don't know where to put this news, really. I was thinking it could go for Press, and if you think it's better suited there I'll move it. But I feel like it's more for speculation and I'll tell why.
Mastercard has already a partnership with Wirex - I think that's way more than a year already - and they offer crypto cards from that partnership. They've also announced back in February that they'll make this new step.
So the news about partnership with Amber, CoinJar and Bitkub and the prospects to launch crypto cards in APAC is not that much of news, it's more.. for speculation / pump.


From what I know, crypto enthusiasts already have options for crypto cards in APAC region, but not the full variety (is TenX still in business?). I don't understand how crypto credit cards will work, will the credit be in crypto or fiat?
Also they're rather unclear if the merchants have the option to receive crypto or only fiat.
And I don't like that the only option presented is conversion on-the-fly. I like to also have the option to convert to fiat when I want to, before shopping/spending that fiat.

The market seems to have reacted greatly to this.. news (as I said, not really news), I'm curious what will happen when this program gets properly implemented.


We already have a new ATH. Will this move the price way beyond 70k? Or will a cool down happen? Or, actually, the buying pressure is big enough and the new ATH is not related to this news?