Mastercard to launch crypto-linked payment cards in Asia Pacific

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What 

Mastercard has partnered with three leading cryptocurrency companies in Asia Pacific as part of plans to launch crypto-backed payment cards in the region.

Why

Almost half of APAC consumers are willing to consider adopting crypto for payments in 2022, a recent Mastercard survey found.

What next

Following the partnership, consumers and merchants in the APAC region will soon be able to obtain crypto-backed Mastercard debit, credit, and prepaid cards. This access could simplify the use of cryptocurrencies for users in the region.

Mastercard has partnered with three cryptocurrency companies in Asia Pacific as part of plans to launch crypto-backed payment cards in the region.

The trio of partners are Hong Kong-based crypto trading startup Amber Group, Australian cryptocurrency exchange CoinJar, and Siam Commercial bank-owned exchange platform Bitkub. These three companies are the first APAC-based virtual currency firms to join Mastercard’s Crypto Card Program.

Following the partnership, consumers and merchants in the APAC region will soon be able to obtain crypto-backed Mastercard debit, credit, and prepaid cards. This access could simplify the use of cryptocurrencies for users in the region.

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Team Luno

On our way to the moon, we write about all things crypto. And don’t forget we’re humans too. Our blog conveys the views of Luno and the many unique opinions and characters within our team. We’ll never provide you with financial advice, and we urge you to conduct your own research before purchasing or trading any cryptocurrencies. It’s a brave new world out there, and the market can be volatile at times, so never trade with funds you can’t afford to lose. Want to let us know how much you love our blog? Tweet us @LunoGlobal.

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