Title: Mastercard to Facilitate Cryptocurrency Transactions
Headings: Mastercard Will Begin Facilitating Cryptocurrency Transactions in 2021
Mastercard Will Begin Facilitating Cryptocurrency Transactions in 2021
But it's still unclear which digital currencies will be included on the network
Key Takeaways
Why Mastercard Is Taking the Next Step With Crypto
The Network Will Add Crypto This Year, But There Are Obstacles
Article Sources

Content: However, some experts have questioned the feasibility of implementation based on Mastercard’s requirements. According to the company, cryptocurrencies must meet certain criteria to be considered. Those include: Provide strong consumer protection, including privacy and security of consumer information and transaction data. Allow all stakeholders, including financial institutions, merchants, and mobile network operators, to contribute to and benefit from their blockchain networks. Operate in compliance with applicable laws and regulations, including anti-money laundering laws. According to a report by Ars Technica, it’s not clear if any existing cryptocurrencies can meet all three of those requirements. In fact, it will be challenging to maintain the decentralized nature of digital currencies in a regulatory environment. 3 ﻿﻿
While Mastercard hasn't specified which assets will be added to its network, the announcement is one of many initiatives that further legitimize the use of crypto. In the last week, for example, BNY Mellon, Tesla, and Venmo also announced plans to incorporate Bitcoin into their business offerings.