Mastercard Expands Cryptocurrency Card Payment Program With Wirex Deal

Mastercard (NYSE: MA) has conferred its Mastercard principal status on cryptocurrency exchange operator Wirex, it announced on Monday. The U.K.-based company is now set to be the first cryptocurrency platform allowed to issue the finance-industry titan's payment cards to its account holders.

The move is part of a broader initiative by Mastercard to become more of a partner to businesses active in the cryptocurrency space. The company announced in its press release about Wirex that it is expanding its cryptocurrency tie-ups by inviting such enterprises to join the card giant's Accelerate fintech development program.

Image source: Mastercard.

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Source Fool.com