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Mastercard partners with Australia’s BTC Markets for payment options


forkast.news 29 March 2022 01:52, UTC
Reading time: ~2 m

Australian crypto exchange BTC Markets has partnered with Mastercard to allow its customers to make direct debit, prepaid or credit card payments to purchase cryptocurrencies from the platform.

Fast facts

  • The move is part of a broader trend by payments giants like Mastercard and Visa to incorporate cryptocurrency functionality into their services.
  • Last year, Mastercard partnered with CoinJar to launch one of the country’s first crypto payment cards backed by an Australian cryptocurrency exchange.
  • The Aussie crypto industry is bracing itself for a broad regulatory sweep, following a wave of proposals from politicians to regulate and tax the industry.
  • Australia is scheduled to announce the 2022 federal budget to reveal the government’s plans for the nation on Tuesday, March 29.

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