Credit and Debit cards giant Mastercard announced the launch of crypto-linked payment cards across the Asia-Pacific regions.
According to reports, Mastercard teamed up with three cryptocurrency service providers, namely Amber Group and Bitkub in Thailand and CoinJar in Australia to offer crypto-funded payment cards that allow users to convert their digital assets into traditional fiat money.
To elaborate the partnership, the company said,
“Rather than directly transferring cryptocurrencies to a merchant, cardholders will now be able to instantly convert their cryptocurrencies into traditional fiat currency which can be spent everywhere Mastercard is accepted around the world, both online and offline.”
In addition, Mastercard said some merchants already accepted Bitcoin (BTC) and Ether (ETH) as two assets. More so, Mastercard conducted its own research on the Asia-Pacific region and found out that 45% of people are considering using cryptocurrency in the next year.
Amid the news, the crypto Twitter community with influencers pointed at the growing mainstream of Bitcoin and other cryptocurrencies.
According to CoinMarketCap, Bitcoin hit a new all-time high of $68,525 and currently it is trading at $68,263.