Now that legislators are slowly adopting a more positive approach towards crypto in general, we could see many traditional finance companies trying to get into the booming industry.
Many crypto wallet companies encounter numerous challenges when expanding into new markets, but both Ledger and MetaMask could potentially tap into the extensive global payment network provided by Mastercard to look for viable solutions.
By utilizing payment cards, wallet providers can also attract more users, foster customer loyalty, and create additional revenue streams, all while enabling seamless cryptocurrency transactions.
For its part, the global payment processor has expressed its interest in investigating novel approaches for worldwide issuance through stablecoin-based settlement and cost-effective, rapid blockchain networks.
Mastercard is also developing a set of guidelines for partner firms, focusing on aspects like safeguarding consumers, fostering price competition, and monitoring transactions. Once approved, the next phase will involve the introduction of a card in either the European Union or the United Kingdom.
Notably, in 2021, Mastercard acquired Ciphertrace, a Mastercard company, a blockchain analytics company specializing in tools for identifying illicit cryptocurrency transactions. The company also has the Engage program which aims to introduce new cryptocurrency cards to the market and provide innovative methods for converting crypto into traditional fiat currency.
 
Mastercard Exploring Potential Partnerships With Ledger and MetaMask
![](https://files.constantcontact.com/b44f1673801/7b589119-5f6a-4355-b548-c12597a4e3a4.jpg)
![](https://cryptoweekly.co/img/CryptoWeekly-Logo.png.webp)
Subscribe to the CryptoWeekly Newsletter
Get the top stories, funding deals, technical analysis, cryptocurrency jobs and much more delivered to your inbox, every Monday morning.
![](https://files.constantcontact.com/b44f1673801/b2b70ffa-0e36-4130-8721-8558a172f9be.jpg)
July 26,2024
Solana Protocol Announces Rebranding And Launches New Stablecoin And Token
![](https://files.constantcontact.com/b44f1673801/e4263491-8536-41c6-8b85-dc4395260d9e.jpg)
July 26,2024
Senator Marshall Will No Longer Support Anti Crypto Bill
![](https://files.constantcontact.com/b44f1673801/15b5fbd6-3273-4d9c-ae3d-f60d7e2008df.jpg)
July 25,2024
HSBC Australia Will Block All Payments To Crypto Exchanges Going Forward
![](https://files.constantcontact.com/b44f1673801/98ef54b8-8c94-4232-ae78-f264480276f1.jpg)
July 25,2024
Kamala Harris Will Not Attend Upcoming Bitcoin Conference
![](https://files.constantcontact.com/b44f1673801/da56d11b-c05f-4d82-923f-196b296ec509.jpg)
July 24,2024
Toyota Plans To Adopt Ethereum Blockchain Technology For Its Vehicles
![](https://files.constantcontact.com/b44f1673801/68af468b-c48f-492a-a190-a43454314701.jpg)
July 24,2024
Coinbase Wants Access To Private Emails As Fight Against SEC Continues
![](https://files.constantcontact.com/b44f1673801/0e4251a9-d846-42c2-984e-d2806408c77b.jpg)
July 23,2024
Swan Bitcoin Shuts Down Mining Unit And Abandons IDO Plans
![](https://files.constantcontact.com/b44f1673801/ba0136f1-de0b-4c86-ade3-a3aadb462008.jpg)
July 23,2024
Markets React As US SEC Approves Spot Ethereum ETFs
![](https://files.constantcontact.com/b44f1673801/e45ae704-d352-4a15-bb91-c5ebc7aa8791.jpg)
July 22,2024
Elon Musk Adds Lazer Eyes Following Rumours Of His Attendance At Upcoming BTC Conference
![](https://files.constantcontact.com/b44f1673801/4b60f27c-6f55-40ef-8671-63e9c0b7bac9.jpg)
July 22,2024
Biden Officially Quits Presidential Race As Trump Supporters Celebrate
![](https://files.constantcontact.com/b44f1673801/82594195-386c-43f3-a8cb-70acaa2672fb.jpg)
July 22,2024
Web3 Fundraising Deals - July 16th to July 22nd, 2024
![](https://files.constantcontact.com/b44f1673801/1f0e0ef1-899b-409b-adcc-a9b7c5c3ce51.jpg)
July 21,2024