Mastercard Expands Cryptocurrency Services With Wallets, Loyalty Rewards

Mastercard Expands Cryptocurrency Services With Wallets, Loyalty Rewards
A smartphone with Mastercard logo is seen in front of displayed stock graph in this illustration taken on July 15, 2021. Dado Ruvic/Illustration/Reuters
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Mastercard Inc. said on Monday it would allow partners on its network to enable their consumers to buy, sell, and hold cryptocurrency using a digital wallet, as well as reward them with digital currencies under loyalty programs.

The credit card giant said it would offer these services in partnership with Bakkt Holdings Inc., the digital assets platform founded by NYSE-owner Intercontinental Exchange.