Mastercard, Bitso Launch Crypto Debit Card
Mastercard has expanded its crypto partnerships further, collaborating with Latin American crypto exchange Bitso to launch a debit card in Mexico. In the past, Mastercard has collaborated with Binance, Belo, and Buenbit in the region.
The exchange issued the card to over 100,000 users who requested it. Furthermore, in November, Mexico enabled the card for customers to provide feedback. The debit card is now set to make its official debut in the country.
According to previous reports, Mastercard is one of several corporations withdrawing from the cryptocurrency industry. As regulatory concerns abound throughout the US sector, some businesses see potential regulation as a reason to halt further exploration.
Alternatively, the payment processing company is moving forward with one South American partnership. Following a successful progressive rollout, Mastercard and Latin American crypto exchange Bitxo are launching a debit card in Mexico.
Bitso is the latest addition to Mastercard’s growing list of crypto partnerships in Latin America. They specifically join existing partnerships with Binance, Belo, and Buenbit.
Although the company is attempting to exit the crypto space, it is still seeking partnerships. They express their intent to “work with partners to bring relevant payments solutions and programmes to market.” Furthermore, Bitso has over 6 million users in Argentina, Brazil, and Columbia.
(With inputs from Shikha Singh)
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