Mastercard got its own crypto platform

Bit Team
1 min readJul 22, 2020

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The top news regarding the traditional payment system is that MasterCard, the world-known payment giant now has its own platform for crypto assets, and this is what has given carte blanche to Wirex crypto firm.

Struggle for leadership in crypto space

MasterCard payment giant has provided a London crypto payment firm the status of leading Wirex member making it “the first own crypto platform” which will be accorded a special status. As it follows from the press release, this would allow Wirex to give payment cards directly to crypto space users.

But the G-20 does not wish to be left behind, and it is to present a new solution for cross-border payments by this October. According to the Russian central bank, G20 plan will aim at reaching the highest efficiencies.

Besides, financial leaders of the G20 have agreed to take measures in the course of negotiations held these weekend and discussed usage of stable coins.

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