• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, June 22, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

Mastercard’s vision in favor of cryptocurrency to move beyond plastic

by Nishant K
August 3, 2022
in Crypto
Reading Time: 2 mins read
0
Mastercard's crypto vision

Credits: International Finance Magazine

TwitterWhatsappLinkedin

Mastercard’s experience in cryptocurrency

Mastercard is an American Multinational financial services corporation, headquartered in New York. Mastercard, is one of the key players in the today’s financial sector. Its operations are spread across the globe, with the main function of the company being processing payments between banks of the merchant and the card issuing banks of the purchaser who typically uses Mastercard branded card. Mastercard has been dominating the sector for a long time now and has a good competitive streak with VISA.

You might also like

Ripple (XRP) crash? WinnerMining makes a stable profit of $1,780 per day!

Healthcare Meets Crypto: David Beckham–Backed Prenetics Launches $20M Bitcoin Treasury

North Korea’s “PylangGhost”: Malware-infected Job Scams Target Crypto Experts

Mastercard, in its exploration journey and with a vision to dominate the financial sector, had teamed up with Nexo, a crypto lender and had launched world’s first crypto backed payment card, earlier this year. It is the most recent attempt by cryptocurrency and established financial networks to work together as digital assets gain popularity.

Cryptocurrency is however, tipped to revolutionize the financial industry in the coming years. Seeing this as an opportunity, Mastercard was quick to jump into the crypto market and publish the first crypto backed payments card, which received a lot of reaction from the market.

Mastercard vision’s crypto as the future.

Mastercard has always been vocal about its vision of catering to nature and giving it back to the nature in its best potential. Out of such a vision, the Chief Financial Officer Sachin Mehra, remarked that, Mastercard’s future is beyond plastic and the perfect replacement for plastic is cryptocurrency. In its pursuit, the company also included ESG (Environmental, Social and Governance Metrics).

Sachin Mehra's vision
Credits: The Org

The CFO also added that, the company is in a good space as on date and the time is perfect for to company to explore more in crypto domain. Mehra also went on to quote, “If you think about it globally, there’s still a ton of cash which remains to be electronified.”

Crypto’s dominance.

As we observe, how a top company from the financial sector is mending its ways in favor of cryptocurrency is nothing sort of magic. Crypto’s dominance is increasing despite all the negative aspects assigned to it. The volatility or the ease of fraud are a problem for the industry, but the investors and institutions are willing to look beyond them, provided they have good regulation provided in place.

Cryptocurrency is certainly spreading its wings across borders and is surely in its way to revolutionize the financial sector in a way, no one can imagine.

 

Tags: #CryptobitcoincryptocurrencyEthereumMasterCard
Tweet54SendShare15
Previous Post

Robinhood charged $30 million fine for not adhering to rules and regulations by crypto regulator

Next Post

Sensex & Nifty advances for 6th straight session with 0.3% increase

Nishant K

Recommended For You

Ripple (XRP) crash? WinnerMining makes a stable profit of $1,780 per day!

by Techstory
June 21, 2025
0
Ripple (XRP) crash? WinnerMining makes a stable profit of $1,780 per day!

Due to the tension between Iran and Israel, the value of most cryptocurrencies has fallen. In the past week, XRP fell by about 7%. This sudden drop has...

Read more

Healthcare Meets Crypto: David Beckham–Backed Prenetics Launches $20M Bitcoin Treasury

by Anindya Paul
June 21, 2025
0
Perentics

When sports icon David Beckham signed on as a strategic investor, few anticipated that Prenetics would soon take a pioneering leap into cryptocurrency. Yet on June 18, Nasdaq-listed Prenetics...

Read more

North Korea’s “PylangGhost”: Malware-infected Job Scams Target Crypto Experts

by Anindya Paul
June 21, 2025
0
PylangGhost

North Korea's notorious cyber unit Famous Chollima (a.k.a. Wagemole) is at it again; they are taking advantage of the rise in job opportunities in the blockchain and cryptocurrency...

Read more
Next Post
sensex-nifty-advances-6-session-FII remain net buyers

Sensex & Nifty advances for 6th straight session with 0.3% increase

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?