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MASTERCARD LAUNCHES BITCOIN PAYMENT CARDS IN ASIA PACIFIC

By NAMCIOS

  • Consumers and businesses in the Asia Pacific region can now apply for bitcoin-linked Mastercard credit, debit, and prepaid cards.
  • The card giant partnered with cryptocurrency service providers Amber, Bitkub, and CoinJar to enable customers to pay for regular purchases with BTC.
  • On the backend, cryptocurrency in the userā€™s account is instantly converted into fiat currency to allow the payment.

Card giant Mastercard has partnered with cryptocurrency service providers Amber Group, Bitkub, and CoinJar to offer bitcoin-linked payment cards across the Asia Pacific region, the company said in aĀ statement on November 8. These firms are the first APAC-based platforms to join the card issuerā€™s global Crypto Card Program, which seeks to make it easier for bitcoin and cryptocurrency firms to offer payment cards to their customers…

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