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Mastercard has introduced a new program called Crypto Source to enable financial institutions to offer crypto trading and other related services to their customers. Mastercard partnered with Paxos Trust Company to support this program.
The new program will bring crypto trading capabilities to banks. In partnership with regulated and licensed crypto custody providers, Crypto Source will enable financial institutions to bring secure crypto trading capabilities and services to their customers.
Mastercard’s financial institution partners will gain access to a comprehensive suite of buy, hold and sell services for select crypto assets, augmented with proven identity, cyber, security and advisory services.
This Crypto Source offering is complemented by Mastercard Crypto Secure to bring additional security to the crypto ecosystem, the payments company emphasized, noting that Crypto Source is currently being prepared for pilot programs.
