By making it simpler for banks to participate, Mastercard hopes to make cryptocurrency accessible to the general public.
According to CNBC, the payments industry behemoth aims to reveal a program that will assist financial institutions in offering cryptocurrency trading.
According to the business, Mastercard would serve as a bridge between banks and Paxos, a cryptocurrency trading platform that PayPal already uses to provide a related service.
Security and regulatory compliance, two major reasons banks avoid the asset class, will be handled by Mastercard and Paxos.
