MasterCard to Integrate Bitcoin into Banking Services on Its Network
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MasterCard has announced plans to expand the Bitcoin (BTC) and the crypto market uniquely. According to a recent CNBC report, the behemoth payments service provider could announce the inclusion of crypto-integrated services to all merchants and banks in its network.
The report detailed that banks using MasterCard would have the option of integrating Bitcoin as payment for many of their products. This could include BTC payments with credit and debit cards or loyalty programs for converting airline or hotel points into BTC.
Commenting on the development, executive vice president of digital partnerships at MasterCard Sherri Haymond expressed her optimism in bringing crypto services to the mainstream financial industry. She noted that:
“We want to offer all of our partners the ability to more easily add crypto services to whatever it is they’re doing. Our partners, be they banks, fintechs or merchants can offer their customers the ability to buy, sell and hold cryptocurrency through an integration with the Bakkt platform.”
The giant payments company also revealed that it partnered with Bakkt, a crypto-custody firm, to facilitate the new service.
Bakkt CEO Gavin Michael explained that even restaurants and merchants would have access to convert their reward points to Bitcoin. Michael added that the new service would lower the barrier to entry for individuals by allowing them to earn crypto without yielding real cash.
Key Bitcoin Levels to Watch — October 26
BTC has reemerged from its recent bearish correction towards the $60K round figure, although the price slipped slightly below the mark. That said, the benchmark cryptocurrency has entered my $63K – $64K pivot area, as we expect to close the month within this zone.
However, I expect to see a retest of the upper-$64K zone in the coming days, provided bulls hold their ground above the $63K level.
Meanwhile, my resistance levels are at $64,000, $65,000, and $66,000, and my key support levels are at $62,000, $61,000, and $60,000.
Total Market Capitalization: $2.62 trillion
Bitcoin Market Capitalization: $1.18 trillion
Bitcoin Dominance: 46.2%
Market Rank: #1
