Mastercard Partners With Australia’s BTC Markets For Payment Options

BTC Markets, a cryptocurrency exchange based in Australia, has partnered with Mastercard. Users of the platform will be able to deal and invest in bitcoin via direct prepaid or credit card payments as a result of this agreement. However, this collaboration comes as the country’s legal concerns about card payments grow.

Mastercard’s crypto integration grows

BTC Markets’ CEO, Caroline Bowler, stated that the company is honored to cooperate with the Mastercard team. She also noted that as the crypto business evolves, customers are searching for faster and easier ways to securely and quickly acquire cryptocurrency. We can offer clients to engage with Mastercard because of its stability, innovation, and customer protection.

More than 325,000 Australian customers have exchanged AU$19 billion in digital assets on BTC Markets. Payments behemoths like Mastercard and Visa have begun to lend their services in conjunction with bitcoin exchanges.

Coinjar was the first Australian crypto exchange to partner with Mastercard in 2021. They collaborated to launch the country’s first cryptocurrency payment card. In addition, Mastercard expanded its crypto card program throughout Asia Pacific. Mastercard has partnered with Bitkub and the Amber Group of Thailand on Coinjar. Coinbase and MasterCard signed a contract earlier this year that allows Coinbase clients to buy NFTs and other digital assets.

Pro-crypto reforms are on the way in Australia

Meanwhile, the Australian crypto business has been engulfed by a slew of legislative measures aimed at establishing a framework for regulating and taxing digital assets. According to sources, the Australian government will soon release its Federal Budget for 2022, which would include a section on cryptocurrency.

According to sources, the Australian government will meet with industry experts by the end of the year to consult on the reforms’ implementation. There have been rumors that the upcoming legislation will be pro-crypto, as the country strives to lead the Web3 space. Tax relief is predicted for the digital asset business.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

CoinCu News