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Mastercard to start supporting cryptocurrencies on its network by joetunex

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· @joetunex ·
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Mastercard to start supporting cryptocurrencies on its network
![image.png](https://files.peakd.com/file/peakd-hive/joetunex/a7D9vaqU-image.png)
[Source ](https://cdn.pixabay.com/photo/2016/09/05/18/49/plastic-card-1647376__340.jpg)

Cryptocurrencies are becoming increasingly difficult to ignore especially with Bitcoin surging to new ATHs and institutional investors getting in on the accumulation in billions. It have be a matter of time before increase of crypto usage increases and we are seeing that already.

> Mastercard announced Wednesday that it will start “bringing crypto onto its network.” In a blog post on the company’s official website, Raj Dhamodharan, Executive Vice President of Digital Asset and Blockchain, explained that “digital assets are becoming a more important part of the payments world.” He noted that customers are using Mastercards to buy cryptocurrencies, especially during bitcoin’s bull runs, elaborating:

An elaborate of the quote can be read from [Source ](https://news.bitcoin.com/mastercard-cryptocurrencies-directly-on-its-network/) 

This is big for cryptocurrencies as it presents onramp and offramp crypto opportunities, it should help in help in adoption as more people and merchants will be getting exposed to cryptocurrency payments. 

While looking at the positive side, there's a censorship side still lingering around here as KYC is expected to be a mandatory and we know what that implies with this big companies, a compromised privacy. 

However, as we transit towards adoption some of these big central companies afraid of losing monopoly power and being forced to join in on crypto are invariably going to be the trojan horse crypto needs. 

***We owe it to ourselves to make Hive great***

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*Image by @doze*
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vote details (72)
@chesatochi ·
This year will be an outstanding year for crypto.
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