on July 20 Mastercard made an announcement that they want to actually expand their cryptocurrency program, they said the expansion would make it to become easy and also faster for various compliant payment cards to be able to actually enter the market....
mastercard actually revealed that the company known as " Wirex" would actually be the first cryptocurrency platform which would be given membership license and the license would enable to be able to issue payment cards directly....
Visa card have done it before,and i think that mastercard have decided to follow that path too,, in February 2020 visa-card actually granted Coinbase the right to be able to actually issue Bitcoin debit cards and that program worked successfully and both company benefited from the partnership......
the Accelerate program by mastercard was confirmed to be created as a way of actually supporting various fintech companies from the market entry to lead to a global expansion..... those involved in this program would be able to actually integrate proprietary technology, and also effective avail cybersecurity services and they will be able to go into new markets via the assistance of mastercard.....
with this new program by mastercard,it means that customers will be able to use platforms like "wirex" to be able to quickly convert their cryptocurrencies into any kind of traditional fiat currency,and those fiat currencies can be actually spent in any country where mastercard is accepted......
those customers would also be able to benefit from various cryptoback rewards program which is done by "wirex",the giveback reward program will enable customers to get more than 1.2% back in every bitcoin purchase which they make on the platform....
well i believe this is a good development that will help the cryptocurrency world as a whole....