Mastercard has launched Crypto Source, a new program that will allow financial institutions to offer secure crypto trading capabilities and services to their customers.
Through this initiative, Mastercard’s financial institution partners will receive access to a full suite of buy, hold, and sell services for specific crypto assets, as well as proven identity, cyber, security, and consulting services.
Mastercard’s partnership and work with Paxos Trust Company, a leading regulated blockchain infrastructure platform, supports this program. Through the partnership, Paxos will provide crypto-asset trading and custody services on behalf of banks. At the same time, Mastercard will integrate those capabilities into banks’ interfaces, resulting in a seamless consumer experience.
Over the last several years, Mastercard has collaborated with its customers and partners to develop new services and capabilities that make cryptocurrency more accessible, safe, and secure. Since last January, when the company partnered with Coinbase, MasterCard has been cooperating with NFT marketplaces and Web3 providers to let users can use their Mastercard cards for NFT purchases.