Report: Mastercard Plans to Allow Merchants to Accept Bitcoin Payments

Mastercard is said to be planning to allow any bank or merchant on its vast network to accept Bitcoin and offer Bitcoin and Bitcoin rewards.

According to a new report from CNBC, Mastercard is partnering with Bitcoin and crypto wallet provider Bakkt, which will offer Bitcoin custodial services to merchants that sign up, executives at Mastercard and Bakkt said.

There are currently thousands of banks and millions of merchants on Mastercard’s network, all of which could soon be able to send or receive payments with Bitcoin wallets, earn rewards in Bitcoin through credit and debit cards, and implement loyalty programs whereby airline or hotel points could be converted into the asset as a result of the partnership.

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