Mastercard to open its network to crypto assets later this year

Mastercard Inc. said Wednesday that it would begin allowing merchants to accept some cryptocurrencies on its network later this year, marking the latest embrace of digital coins by a traditional payments player.

“We are here to enable customers, merchants, and businesses to move digital value — traditional or crypto — however they want,” Mastercard’s executive vice president for digital assets Raj Dhamodharan said in a blog post.

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