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New payment options for goods and services.

Posted by luba66 Lyubov Sultanova on August 26, 2022 - 6:32am


Mastercard is working with Binance to develop a system for paying for purchases with cryptocurrencies in more than 90 million stores around the world that accept Mastercard.  ⚡️

At least Bitcoin, Ethereum, and Dogecoin will be accepted.

Cryptocurrency from the client's wallet will be converted into local currency at the time of purchase and the seller will receive regular money on the account.

Users are promised 8% cashback on a crypto wallet and withdrawals from ATMs without commissions.  🤑

Theoretically, such a payment system can work in Russia as well.  technically purchases will be made for rubles.

In practice, this is unlikely to happen, because crypto payments are prohibited in the country, and Mastercard has completely stopped its work in Russia since March

tatana Tatiana Yarushina It will be interesting to see how this turns out
January 5, 2025 at 5:32am
tatana Tatiana Yarushina спасибо что поделилась
January 5, 2024 at 5:12pm
Bill Rippel It will be interesting to see how this turns out. Thanks for sharing, Luba
August 27, 2022 at 3:48am