Blockchain for Banking News

Mastercard offers crypto trading solution to banks with Paxos

mastercard crypto

Today Mastercard announced Crypto Source, which enables banks to offer cryptocurrency trading to their clients. Paxos will provide the brokerage services and custody with Mastercard performing the integration with bank interfaces.

The card company recently unveiled its Crypto Secure solution to enable compliance. The latest service is in addition to crypto cards, its digital identity solutions, payments support, consulting services, and NFT initiatives.

“Our commitment is simple – to explore crypto and the underlying digital assets technology to support consumer choice in payments,” said Jorn Lambert, Chief Digital Officer at Mastercard.

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