Cryptician

Mastercard Offers Crypto-Trading Service Tied to Bank Accounts

mastercard-offers-crypto-trading-service-tied-to-bank-accounts

By Anna Irrera and Jenny Surane

Mastercard Inc. debuted a service that will let consumers buy and sell digital assets through their bank accounts, potentially paving the way for thousands of finance firms to offer crypto trading for the first time.

The product, called Crypto Source, will start in the US, Israel and Brazil early next year through a pilot program, Ajay Bhalla, Mastercard’s president of cyber and intelligence, said in an interview. He declined to say which banks would be the first to participate.

While banks have been warming up to crypto over the past few years, the vast majority have shied away from …

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