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Mastercard offers crypto trading to financial customers via alliance with Paxos Trust Co.

mastercard-offers-crypto-trading-to-financial-customers-via-alliance-with-paxos-trust-co.

Mastercard Inc. MA, +2.67% shares rose 3.9% on Monday after it said it’s launching Crypto Source, a program to help financial institutions offer secure crypto trading capabilities and services to their customers. Mastercard’s financial institution partners will be able to engage in buy, hold and sell services for select crypto assets. Mastercard is weaving the service in with its Mastercard Crypto Secure program to bring additional security and support card issuers in their compliance with complex regulations. As part of the effort Mastercard is expanding its relationship with Paxos Trust Company, a regulated blockchain infrastructure platform.

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