Mastercard, expansion of virtual currency service Partnership with BAKKT

The US credit card giant Mastercard announced on the 25th that its partners will be able to buy, sell and hold crypto assets (virtual currency) using digital wallets. Also, it will be possible to collect and use virtual currency instead of points.

Mastercard has partnered with BAKKT Holdings, a US digital asset platform company, for the service. BAKKT was founded in 2018 by the Intercontinental Exchange, which owns the New York Stock Exchange. This year, it was listed through a merger with a special purpose acquisition company (SPAC). BAKKT shares closed 234% higher on the 25th.

Last year, a visa in the same industry also partnered with venture company Block Phi to provide services related to crypto assets.

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