Mastercard Expands Crypto Money Program

Mastercard Expands Crypto Money Program

Mastercard encourages to apply to become a partner as part of the expanded cryptocurrency card program by reaching cryptocurrency companies. On July 20, Mastercard stated that for crypto cardholders, it has simplified access to the acceleration program and will allow applicants to use it jointly within "a few weeks". The Acceleration Program, which has been developed for crypto card applicants, supports business partners in the fields of market entries, continuous growth and international expansion. The new crypto partners will help integrate Mastercard's technology and will be in a position to take advantage of the company's cyber security expertise and market research. Mastercard emphasized that while facilitating access to its program for crypto firms, all partners must comply with their "basic principles". Key principles includes: Anti-Money Laundering, and strong consumer protection working in accordance with relevant laws and regulations; creating an equal space for all stakeholders, such as financial institutions, traders and mobile network operators. Raj Dhamodharan, vice president of Mastercard digital asset and blockchain products partnerships, said: “The cryptocurrency market continues to mature, and Mastercard takes it forward, creating safe and solid experiences for consumers and businesses in today's digital economy.”