Mastercard Brings Stablecoins to Millions of Retail Checkouts

Mastercard is opening its global payments network to stablecoin spending through a new platform built with BVNK, allowing customers to use digital dollar balances at hundreds of millions of merchant locations. Announced Oct. 15, the service combines traditional currencies and stablecoins through one integration, with card issuing across more than 130 countries and bank payouts powered by Mastercard Move. A stablecoin balance sitting in a digital account can now become spending money across Mastercard’s enormous merchant network, without requiring customers to manually exchange their holdings first. On Thursday, Oct.

Source: Bitcoin.com News