Mastercard to launch crypto-linked payment cards in Asia Pacific

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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