Mastercard will make crypto an "everyday way to pay"

Mastercard has named five key areas of cryptocurrency that it is working on to make crypto an everyday way to pay.

To capture the crypto market, the company has identified 5 key areas. Among them, we see meta-vendors, NFT, and tokens.

Raj Damodharan, executive vice president of digital assets and blockchain products and digital partnerships at Mastercard, said that someday the ability to own and spend digital currency could become as commonplace as contactless card payment.

He also said that Mastercard announced dozens of new cryptocurrency programs worldwide this year. For example, in the U.S., the payment giant worked with Gemini to develop a credit card that pays employee bonuses in cryptocurrencies. 

In Argentina, the company launched a prepaid card with Binance. Mastercard recently announced the world's first physical debit card to carry an NFT customer avatar in Europe.

The latest development branch introduces verified and trusted tokens into this ecosystem. Well, that's understandable because no one wants to get docked while you get to the store.