Mastercard has announced a new partnership with OKX and Nuvei aimed at integrating stablecoins into payment solutions for a wider audience.
Objectives of the Partnership
Mastercard intends to provide seamless stablecoin payments for consumers and merchants, from crypto wallets to checkouts. With this partnership, the company hopes to simplify payment, transfer, and settlement processes.
Expert Opinions
According to Jorn Lambert, Chief Product Officer of Mastercard, 'The benefits of using blockchain and digital assets for mainstream use cases are clear. To realize its potential, we need to make it easy for merchants to receive stablecoin payments and for consumers to use them.'
Technological Support
The partnership with OKX and Nuvei will facilitate the launch of the new OKX Card and enable payments using the stablecoin USDC. Mastercard also plans wallet integration and crypto card issuance in collaboration with other industry leaders. These steps aim to create a more accessible and convenient digital economy.
Mastercard's overall initiative to integrate stablecoins highlights the growing importance of digital assets in the financial sector and their potential to transform payment systems.
