Connect with us

News

Mastercard ties up with crypto firm Fasset to grow business in Indonesia

Published

on

Samsung and Mastercard announce biometric card with fingerprint sensors

HIGHLIGHTS :

  • Digital Solutions to be Developed for Crypto Businesses in Indonesia
  • The crypto segment is growing rapidly in Asia
  • Indonesia and Thailand have the most digital assets in Asia

Digital Solutions to be Developed for Crypto Businesses in Indonesia

Mastercard, a leading global financial services company, has partnered with crypto gateway provider Fasset to expand business in Indonesia. Under this, digital solutions will be developed to increase the crypto business in Indonesia. A large part of the population in Indonesia is not included in the financial system and this partnership will also help in increasing financial inclusion.

Mastercard said, “The number of people dependent on digital assets is increasing. As a result, such firms in the public and private sectors need to come together to create solutions that open new opportunities for financial inclusion.” The crypto segment is growing rapidly in Asia. The digital assets business has grown manifold in the last few years in countries like India, Japan, Vietnam, China, Singapore, Thailand, Indonesia, and Malaysia. According to a report by professional services company Accenture, people from Thailand and Indonesia hold the most digital assets in Asia.

The crypto segment is growing rapidly in Asia

Recently, Mastercard has expanded the range of non-fungible tokens (NFT) purchases with card payments. For this, Mastercard has partnered with metaverse firms Sandbox, Immutable X, Spring and Nifty Gateway, and a few other firms. There is growing interest in NFTs from the Web3 community as well as the metaverse industry. Raj Dhamodharan, Executive Vice President, MasterCard, said in a blog post, “We are working with these firms to give people the option to buy NFTs using MasterCard cards.

Indonesia and Thailand have the most digital assets in Asia

There are approximately 2.9 billion MasterCard cards worldwide. And this could have a major impact on the NFT-connected ecosystem.” Mastercard aims to eliminate the need for NFT purchasers to use cryptocurrencies.

Using blockchain technology in NFTs, tokens of unique items are authenticated which are linked to reproducible digital assets. These can include art, music, in-game items, and videos. These can be traded online but cannot be duplicated.

The crypto segment is growing rapidly in Asia. The digital assets business has grown manifold in the last few years in countries like India, Japan, Vietnam, China, Singapore, Thailand, Indonesia, and Malaysia.

Mastercard has partnered with metaverse firms Sandbox

Recently, Mastercard has expanded the range of non-fungible tokens (NFT) purchases with card payments. For this, Mastercard has partnered with metaverse firms Sandbox, Immutable X, Spring, and Nifty Gateway, and a few other firms. NFT There is growing interest in the Web3 community as well as the industry related to the Metaverse. Raj Dhamodharan, Executive Vice President, Mastercard, said in a blog post, “We are working with these firms to give people the option to buy NFTs using Mastercard cards. There are approximately 2.9 billion Mastercard cards worldwide. and this could have a major impact on the NFT-connected ecosystem.” Mastercard aims to eliminate the need for NFT purchasers to use cryptocurrencies.

Also Read :

Now train can be live tracked in Railways’ Yatri app, new update launched

Tencent Games will shut down its Steam-like mobile game platform WeGame in September

Click to comment

Leave a Reply

Your email address will not be published.

Copyright © 2020 - 2021 TechZimo.com, All rights reserved.