What’s the reason Mastercard is partnering with the crypto-currency platform Binance?

As banks get closer and closer to the world of crypto-currency, the Mastercard company is now partnering with the Binance platform, let’s see together why in this blog post!

As we have seen lately, banks are investing more and more in the crypto universe. Indeed, just look at the top companies investing in blockchain. Three banks are in the top 5 companies that invested the most during the previous year.

With in second place BlackRock, in third place Morgan Stanley and in fifth place the bank Goldman Sachs. We had also seen, VISA bought a CryptoPunks for the modest sum of 141,000 euros last fall.

You will have understood, banks are adopting more and more, everything related to the blockchain. This is moreover even more the case with Mastercard which is partnering with the crypto-currency exchange platform Binance. But then for what reason is this partnership taking place? Let’s find out together in this blog post!

Here is the reason why Mastercard is partnering with Binance

As explained earlier, Mastercard is now partnering with the crypto currency exchange company Binance. But then for what reason are they partnering? Mastercard and Binance are teaming up to facilitate crypto-currency payments. Indeed, according to Michael Miebach the CEO of Mastercard “crypto-currency payments can “unlock the full potential of blockchain technology”.

He also stated that “To make this a reality, we are working with Binance to allow people to use their crypto to make purchases at over 90 million stores that accept Mastercard.”

Note that the company Mastercard, also wants to collaborate more and more with NFTs. Indeed, earlier this summer the company announced to partner with the famous NFT project The Sandbox, but also Mintable, Immutable X, the Nifty Gateway platform or even MoonPay, in order to facilitate the way to acquire NFTs.


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