Payments Giant Mastercard Expanded Its Partner Network

It has been revealed that Mastercard is announcing the expansion of its global partner network amid increasing consumer demand for new payment technology. Check out the latest reports about this below.

The payments processing giant says the fact that the expanded Engage partner network will broaden access to digital assets and blockchain as it facilitates the introduction of new crypto card programs in the market and enable crypto-to-fiat conversion capabilities.

“Mastercard is introducing a new track as part of its global Engage partner network to allow businesses to quickly launch and scale products that power the Web3 economy.”

Engage is a platform created by Mastercard to connect digital asset companies with partners seeking to launch and expand their cryptocurrency payment services.

The platform aims to bolster the eb3 economy. Currently, Mastercard has partnered with Baanx, Credencial Payments, Episode Six, Immersve, Monavate, Moorwand, PayCaddy, Paymentology, Pomelo, Swap, and Unlimit.

Raj Dhamodharan, executive vice president, Blockchain and Digital Assets at Mastercard, stated the following:

“Mastercard is committed to co-innovating across the industry to enable access to crypto and blockchain technology. This not only unlocks potential, but also provides greater choice in payments and commerce.”

According to Mark Yusko, the founder and CIO of Morgan Creek Capital, the current state of Bitcoin (BTC) and the cryptocurrency markets indicates a bullish trend.

In a recent interview with CNBC, Yusko stated that BTC and the crypto markets are in the initial stages of a new bull market that may continue till next year, when BTC undergoes its next halving event.

“I think the rally is just beginning. We just entered what’s called the seasonal period of crypto summer. There’s this four-year cycle around something called the halving which is where the block rewards for the Bitcoin blockchain change every four years. That causes a period of accumulation going into that. That event will occur next April.”