{"id":51732,"date":"2021-10-25T17:26:00","date_gmt":"2021-10-25T14:26:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=51732"},"modified":"2025-09-03T01:22:06","modified_gmt":"2025-09-02T22:22:06","slug":"mastercard-to-add-bitcoin-payments-to-its-network","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/mastercard-to-add-bitcoin-payments-to-its-network\/","title":{"rendered":"Mastercard to add Bitcoin payments to its network"},"content":{"rendered":"<p>The payments giant Mastercard is set to announce cryptocurrency support across its network in the near term. About this <a href=\"https:\/\/www.cnbc.com\/2021\/10\/25\/mastercard-says-any-bank-or-merchant-on-its-vast-network-can-soon-offer-crypto-services.html?utm_term=Autofeed&#038;utm_medium=Social&#038;utm_content=Main&#038;utm_source=Twitter#Echobox=1635166922\">\u0441\u043e\u043e\u0431\u0449\u0430\u0435\u0442<\/a> CNBC. <\/p>\n<p>Banks and merchants will gain the ability to integrate cryptocurrencies into their products. This includes Bitcoin wallets, credit and debit cards for crypto-based rewards, and loyalty programs whose points can be converted into digital assets. <\/p>\n<p>Executive Vice President for Digital Partnerships at Mastercard, Sherri Hammond, said the initiative would allow banks to compete with cryptocurrency exchanges.<\/p>\n<p>Bakkt will be the network&#8217;s partner. It will act as an intermediary for the sale and custody of cryptocurrencies.<\/p>\n<p>According to Bakkt CEO Gavin Michael, the company will be able to set its own rate for converting traditional points into bitcoins, thereby allowing customers to earn income.<\/p>\n<p>Bakkt&#8217;s shares closed the session up 234%.<\/p>\n<p><script async=\"\" src=\"https:\/\/telegram.org\/js\/telegram-widget.js?15\" data-telegram-post=\"forklog\/22140\" data-width=\"100%\"><\/script><\/p>\n<p>In February 2021 Mastercard announced plans to open up merchants to cryptocurrency payments <a href=\"https:\/\/forklog.com\/en\/news\/mastercard-pledges-direct-support-for-cryptocurrencies\">\u0432 \u0444\u0435\u0432\u0440\u0430\u043b\u0435 2021 \u0433\u043e\u0434\u0430<\/a>.<\/p>\n<p>A May survey showed that <a href=\"https:\/\/forklog.com\/en\/news\/survey-finds-40-of-mastercard-customers-plan-to-use-cryptocurrencies\">40% of the payment network&#8217;s customers plan to use cryptocurrencies<\/a>.<\/p>\n<p>Earlier in September Mastercard announced <a href=\"https:\/\/forklog.com\/en\/news\/mastercard-to-acquire-blockchain-analytics-firm-ciphertrace\">the acquisition of CipherTrace<\/a>, a firm that tracks suspicious activity on the blockchain across more than 900 cryptocurrencies. <\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The payments giant Mastercard is set to announce cryptocurrency support across its network.<\/p>\n","protected":false},"author":1,"featured_media":51733,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1198,1269,2260,70,57],"class_list":["post-51732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-payments","tag-cryptocurrencies","tag-loyalty-program","tag-mastercard","tag-wallets"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=51732"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51732\/revisions"}],"predecessor-version":[{"id":51734,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51732\/revisions\/51734"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/51733"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=51732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=51732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=51732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}