Mastercard doubles its support for crypto

Despite the sluggish attitude of banks, Mastercard is upping the ante: more cryptocurrency partners for cards.
The digital payments and cards group does not seem to be about to leave the cryptocurrency world, even when it comes to partnering with exchanges and other types of intermediaries that rely on Mastercard specifically for card issuance.

Mastercard: we will still offer cards for bitcoin and cryptocurrencies

Mastercard has no intention of backing down - and this is confirmed by viva voce Raja Dahamodharan, who oversees and heads the group's blockchain and cryptocurrency division.
This is a brief comment, but it puts an end to all the rumors that have been spread with great enthusiasm on the front pages of all the newspapers of yesteryear, stating that VISA and Mastercard are ready to withdraw from an industry that, in the words of Tito Bueri, is nothing short of outright fraud.
However, this does not seem to be the opinion of those directly involved - who, unlike some newspapers and press agencies, do not run billion-dollar businesses and who, unfortunately, when it comes to cryptocurrencies, increasingly give the impression that they have to follow a certain narrative at all costs.
Not all historical groups in the money world think alike, however. Banks, for example, seem to treat their relationship with the cryptocurrency world with more trepidation, and even today there are reports of accounts being blocked just for interacting with the cryptocurrency world. We have many examples from the U.S. as well as Spain, the U.K.
It will be a long road if we want to go down it - and we may see a change of pace when so-called new cryptocurrency banks - such as the one Kraken is planning to create - see the light of day.
We will also see what is brewing in the Fantom cauldron and what interesting things will develop on their own. In fact, Mastercard may be right to keep investing in this world, while many classic banking institutions are running away, trying in every way to prevent their customers who would like to look behind the barricades.
Another world is hardly possible for them.