Mastercard has partnered with digital asset platform, Bakkt to introduce more cryptocurrency options to U.S. financial institutions, fintech firms, and retail related to its payment network.
Banks and institutions that use Mastercard have the opportunity to integrate cryptocurrencies into their products.
However, to date Mastercard has not revealed the list of crypto assets it supports.
At the same time, the collaboration with Bakkt aims to offer Mastercard cardholders rewards in the cryptocurrency, Bitcoin (BTC) as opposed to just redeeming loyalty points when making a purchase.
This also shows US customers can make the most of their cards by making purchases, sales, and storing digital assets in wallets.
For the record, Bakkt has already made a name for himself in the world through a collaboration with Google. Recently also Bakkt was listed on the NYSE.
Bitcoin today posted a jump of over 1% in 24 hours, trading at $ 62,726 at the time of this article.
The asset however slipped more than 6% from an all -time high (ATH), $ 67,000 recorded last week.
