Mastercard finally brings crypto trading to banks and the public
Most people now hold some form of crypto and even though they resisted at first Mastercard has now jumped on the bandwagon to support crypto globally.
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Griffin, M. (2022) 'Mastercard finally brings crypto trading to banks and the public', 311 Institute, 27 October. Available at: https://www.311institute.com/mastercard-finally-brings-crypto-trading-to-banks-and-the-public/ (Accessed: 1 October 2026).
Mastercard, who first said they would never do anything with crypto then launched it into their platform, have now announced that they’re teaming up with blockchain infrastructure platform Paxos to help banks and fintechs “offer their customers crypto trading services.”
A recent Mastercard survey found that 29 percent of respondents globally hold cryptocurrency as an investment, with another 65 percent indicating a preference for crypto-related services to be provided by their current financial institution, so naturally the company jumped on the bandwagon to test the water.
The new Mastercard Crypto Source programme as its known has a simple objective – to make it easy for banks and fintechs to help their customers buy, hold, and sell select crypto assets, which will then be augmented with a variety of Mastercard’s other cyber, identity, security, and advisory services.
In the meantime Paxos will provide crypto-asset trading and custody services on behalf of the banks, while Mastercard’s technology will integrate those capabilities into banks’ interfaces.
Ajay Bhalla, President of Cyber and Intelligence at Mastercard, said “What we are announcing today is a connected approach to services that will help bring users safely and securely into the crypto ecosystem. Our recent investments in this space, such as the acquisition of CipherTrace and Ekata, are providing us with a unique set of capabilities to help provide our customers and consumers with the most technically advanced crypto solutions available in the market.”
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Most people now hold some form of crypto and even though they resisted at first Mastercard has now jumped on the bandwagon to support crypto globally.
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Matthew Griffin Founder, 311 Institute
Matthew Griffin is a multi-award winning Futurist and expert in Disruption and Innovation, Geopolitics, Leadership, and Technology, who NASA have described as a "walking encyclopaedia of the future" and a "futurist Polymath."
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Matthew Griffin is a multi-award winning Futurist and expert in Disruption and Innovation, Geopolitics, Leadership, and Technology, who NASA have described as a "walking encyclopaedia of the future" and a "futurist Polymath." 15-time best selling author of the "Codex of the Future" series, Matthew is the Founder and Futurist in Chief of the 311 Institute, a global Futures and Deep Futures advisory firm working with royal households, world leaders, G7, G20, and G77 governments, NGOs, and multi-national mid and mega cap firms to help them explore, shape, and lead the next 50 years of business and society.
An award-winning YouTube creator with over a million followers, with an unrivalled global reach and impact, Matthew is a highly sought-after international keynote speaker, lecturer, and mentor who collaborates with global leaders through the United Nations Alliance of Civilizations (UNAOC) and United Nations General Assembly (UNGA) to shape pivotal initiatives such as the UN’s AI for Humanity program, the United Nations Conference of the Parties (UN COP), and the World Economic Forum in Davos.
As the former Global Head of Cloud, National Security, and Enterprise Sales for companies including Atos, Dell-EMC, and IBM, Matthew has a proven track record of building multi-billion dollar business units and turning failing divisions into market leaders. His ability to identify, analyse, and communicate the implications of hundreds of emerging technologies and trends is unparalleled, and his insights are trusted by many of the world’s most respected organisations, including ABB, Accenture, Adidas, AON, ARM, BCG, Centrica, Citi, Coca-Cola, Dentons, Deloitte, Dow Jones, EY, Google, KPMG, Lego, Legal & General, LinkedIn, Microsoft, PepsiCo, Qualcomm, RWE, Samsung, Siemens AG and Siemens Energy, T-Mobile, UBS, VISA, Walmart, Workday, Worldpay and many others.
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Source: first published by the 311 Institute on 27 October 2022. Cite as: Griffin, M. (2022). Mastercard finally brings crypto trading to banks and the public. 311 Institute. https://www.311institute.com/mastercard-finally-brings-crypto-trading-to-banks-and-the-public/
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