Mastercard is ramping up its efforts in the digital asset space by launching new services to support stablecoin payments.
Launch of OKX Card
Mastercard, in collaboration with crypto exchange OKX, is launching a new 'OKX Card' that will allow users to easily spend their cryptocurrencies. This card will connect Web3 activities like trading crypto and using blockchain apps with everyday shopping.
Partnerships for Payment Processing
Mastercard is working with Nuvei and Circle, the company behind USDC, to enable merchants to accept stablecoin payments directly. Paxos will help broaden these payments to include other stablecoins like USDP.
Mastercard's Goals in Digital Assets
Jorn Lambert, Mastercard’s Chief Product Officer, stated that stablecoins can make payments faster, cheaper, and more flexible. Mastercard believes that for digital assets to truly succeed, they must be as easy to use as regular money for both businesses and customers.
Through the introduction of new services and partnerships, Mastercard aims to integrate blockchain technology and stablecoins into everyday life.
