FUTURE OF CRYPTOCURRENCY IN PAKISTAN
Mastercard (MA) is planning to give merchants the option to receive payments in cryptocurrency later this year.
According to a source familiar with the matter, the option will see Mastercard customers’ digital currency
payments settled in crypto at participating merchants, a first for the financial giant. The company has not yet disclosed which digital currencies it intends to support, or where.
The new initiative promises to upend that dynamic among the store owners and businesses who opt in. They will be able to conduct their business beyond the bounds of the fiat ecosystem, assuming, of course, their customers have crypto they’re willing to spend.
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The Pi Network cryptocurrency is currently worth nothing as it is in stage 2 development and has not yet launched on the blockchain, but a back-end marketplace already has users exchanging the currency for up to $10 a coin.
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