Mastercard announced Crypto Source, a new program that allows financial institutions to bring crypto trading capabilities and services to their customers on 17 October. It partners with Paxos Trust Company, a leading regulated blockchain infrastructure platform, which will provide crypto asset trading and custody services on behalf of the banks, while Mastercard will leverage its technology to integrate the crypto trading capabilities into banks’ interfaces. Mastercard also highlighted its New Payments Index this year which found that 29% of respondents globally hold crypto as an investment, with another 65% preferring their current trusted financial institution to provide crypto-related services. The program is reportedly expected to launch later this year.
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