After months of working on its plans for crypto integration (jumping on the bandwagon with Visa and PayPal), CNBC reported Monday that Mastercard is planning to announce that any of the millions of merchants and banks who use its payments network will soon be able to integrate crypto into their product offerings.
According to CNBC, this means the company will now allow crypto wallets on its network, and will also allow credit and debit cards to offer reward points in crypto. But that's not all: the new integration will allow digital assets to actually be spent on the network (without needing to be converted to fiat). Loyalty programs run by airlines and hotels can also now be converted into bitcoin.
Mastercard told CNBC it's simply delivering on something its clients have long been asking for. said its clients have been asking for more help about integrating with crypto and its simply answering the call.