Useful Tips

View all
MasterCard expands crypto card program

MasterCard simplifies the conversion of cryptocurrencies to fiat

Very soon everyone will be able to convert cryptocurrency without losses and unnecessary hassle. One of the largest global payment systems operators, Mastercard is preparing a special program expanding cryptocurrency payment options and simplifying the process of converting crypto into fiat (traditional) currencies. This will be possible thanks to MasterCard’s partnership with a range of fintech and blockchain companies. The partnership is aimed at ensuring that users of credit cards supporting the crypto program can pay for goods and services wherever MasterCard is accepted. What are the further benefits of this program?

Many owners of such credit cards would face common problems such as overpayment when converting the cryptocurrencies or paying. Yet soon, cardholders will have the right to choose the format of payment for goods and services thanks to a simplified scheme for converting crypto into traditional currency. Conversion to fiat money will be processed through partner platforms using stablecoins – a less volatile currency pegged, for instance, to the US dollar.

The extra costs and other difficulties of converting cryptocurrency into fiat for many crypto companies were due to underdeveloped conversion mechanisms. Thus, today’s mission of the new MasterCard crypto program is to relieve the industry of this problem and introduce the benefits of using cryptocurrency and blockchain in daily lives to consumers worldwide.

Published: 11.08.2021

Recently Added

Faster and Steadier: CryptoTab Farm Upgraded

Faster and Steadier: CryptoTab Farm Upgraded

Let us announce: we have just improved the CryptoTab Farm, so managing the farm from your smartphone has gotten even simpler, more convenient, and more intuitive.
Expansion of crypto mining farms around the globe

Expansion of crypto mining farms around the globe

Crypto Farms are hitting the headlines every week and interest in mining has become explosive. Meanwhile, certain companies tend to build their own huge mining farms and strive for bigger profits. Let’s have a glance at several major crypto farms and focus on recent trends.
Get Notifications from CryptoTab
Be up-to-date with all news and updates in the CryptoTab ecosystem
Notifications Blocked
Your browser blocks notifications from websites. Change your browser settings to subscribe.

Please click Subscribe to recieve notifications from CryptoTab