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Mastercard unveils crypto-linked cards across the Asia-Pacific region By BTC Peers

by Mike Robinson

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Mastercard launches crypto-linked cards in the Asia-Pacific region

After Tuesday’s launch of cryptocurrency-linked payment cards in Asia Pacific, Mastercard (NYSE) has strengthened its position within the crypto market.

Global payments company, PayPal will offer clients cryptocurrency-funded payment cards which will enable them to instantly convert digital assets into fiat money.

This product will be launched with the help of three cryptocurrency service providers: Bitkub and Amber Group in Thailand. CoinJar is in Australia. This was explained by the company

Cardholders won’t have to transfer cryptocurrencies to a merchant. Instead, they can instantly convert their cryptos into fiat currency that can be used anywhere Mastercard is accepted worldwide.

Although Mastercard is yet to disclose which cryptocurrencies would be supported by the card, the company has already identified (BTC) and Ether (ETH) as two assets that have already been accepted to an extent but haven’t yet reached their maximum potential.

Research by the company in Asia-Pacific revealed that approximately 45% said they would consider using cryptocurrency within the next year.

Twitter went wild with the news of the new crypto credit card. Twitter influencers were promoting Bitcoin’s mainstream appeal and other digital currencies.

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