• August 24, 2022

Mastercard and Binance will allow purchases with cryptocurrencies in millions of stores around the world

Mastercard and Binance will allow purchases with cryptocurrencies in millions of stores around the world
Key facts:
  • The CEO of Mastercard said that blockchain should be “easier to access and use.”

  • “One way to do this is by bringing cryptocurrencies to daily purchases,” he said.

The hashtag #Binance became a trend on Twitter on August 24 after Mastercard CEO Michael Miebach published details about his initiative to allow purchases with cryptocurrencies in the world.

“We can unlock the full potential of blockchain technology when we make it easier to access and easier to use,” he said through his LinkedIn account. And alleged that one way to do so is to bringing cryptocurrencies to everyday purchases.

He then elaborated that in order for that to be a reality, they are working with Binance to allow people to use their cryptocurrencies to make purchases in more than 90 million stores around the world that accept Mastercard.

The CEO of Mastercard clarified that this service it will be available in principle only to customers from Argentina and they plan to expand from there to other countries. Likewise, Binance had advanced it a month ago when it announced the launch of its card in the country, as reported by Criptonews.

As a cryptocurrency enthusiast, the Mastercard CEO ended the statement by questioning: “What could the blockchain industry look like in five years?». In response, he pointed out that we are currently already seeing indications of that. It is precisely through initiatives like this that it opens the door of adoption to millions of people and businesses due to its reach.

To this day, Mastercard is the second largest payment network in the world and Binance the largest cryptocurrency exchange by trading volume. This can be seen in the logs of the CompaniesMarketCap and CoinMarketCap browsers.

Related post

Zeebu Takes ETHDenver by Storm as Cypher Sponsor, Presents ZBU Governance Hackathon with Prize Pool of Over $45K in Prizes, $2M in Grants

Zeebu Takes ETHDenver by Storm as Cypher Sponsor, Presents ZBU Governance Hackathon with Prize Pool of…

Zeebu’s participation and sponsorship at ETHDenver spotlight the future of DeFi and blockchain governance, setting a…
Web3 Neobank Platform, Zeebu Unveils Major Token Burn Through Phoenix Protocol

Web3 Neobank Platform, Zeebu Unveils Major Token Burn Through Phoenix Protocol

Zeebu, the Web3 Neobank platform, has recently announced a strategic move to introduce the ZBU Phoenix…
una Messenger: The Omnichain Communication Platform For a Truly Unbound Universal Blockchain Ecosystem

una Messenger: The Omnichain Communication Platform For a Truly Unbound Universal Blockchain Ecosystem

una Messenger, the new, evolved iteration of the “PAPYRUS Messenger” token-gated communication platform, was revealed on…