Merchants to Offer Crypto Products and Services on Mastercard Network

Mastercard (NYSE: MA) and Bakkt (NYSE: BKKT), a cryptocurrency exchange platform, made an announcement on Monday, according to which “a multifaceted partnership”, agreed between the two companies, will allow Mastercard’s partners and merchants in the US to offer a solution such as buying, selling, and holding of cryptos via custodial wallets supported by the Bakkt platform and streamlined issuance of branded crypto debit and credit cards.