【Crypto Brief】Mastercard and BVNK launch the “Global Money Platform” for stablecoins
💳 On October 15 (U.S. Eastern Time), Mastercard and its subsidiary BVNK announced the Global Money Platform, which lets banks, fintech companies, and businesses hold and exchange fiat currencies and stablecoins through a single interface.
🏦 The platform supports issuing cards linked to stablecoin balances, and using Mastercard Move to send payments directly from stablecoin balances to recipients’ local bank accounts. Card issuance will be available in more than 130 countries.
👀 This is the first major integration since Mastercard completed its acquisition of BVNK this August. Nuvei and Marqeta are among the first participants; local bank payments are expected to expand by 2027 to more than 40 currencies across over 200 countries and territories.
Source: Cointelegraph, Decrypt, and Mastercard’s official press release
⚠️ Risk warning: Crypto assets are highly volatile. This article is for informational purposes only and does not constitute investment advice. Please exercise sound judgment and manage leverage carefully.
💳 On October 15 (U.S. Eastern Time), Mastercard and its subsidiary BVNK announced the Global Money Platform, which lets banks, fintech companies, and businesses hold and exchange fiat currencies and stablecoins through a single interface.
🏦 The platform supports issuing cards linked to stablecoin balances, and using Mastercard Move to send payments directly from stablecoin balances to recipients’ local bank accounts. Card issuance will be available in more than 130 countries.
👀 This is the first major integration since Mastercard completed its acquisition of BVNK this August. Nuvei and Marqeta are among the first participants; local bank payments are expected to expand by 2027 to more than 40 currencies across over 200 countries and territories.
Source: Cointelegraph, Decrypt, and Mastercard’s official press release
⚠️ Risk warning: Crypto assets are highly volatile. This article is for informational purposes only and does not constitute investment advice. Please exercise sound judgment and manage leverage carefully.