Hundreds of banks and millions of businesses utilize mastercard’s payments network, and the company is anticipated to declare that cryptocurrencies will be integrated soon. bakkt will be the provider of custodial services for consumers who sign up for the service.

mastercard, coupled with visa, operates one of the world’s most powerful worldwide payments networks. mastercard and bakkt have launched a collaboration that will enable retailers and restaurants to begin offering bitcoin incentives in lieu of standard loyalty points. existing points can be traded into cryptocurrency at prices specified by the partnering companies, allowing consumers to gain a return on their investment. bakkt’s shares jumped by an incredible 234 percent as a result of the announcement.

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