BTC Markets, an Australian cryptocurrency exchange, has partnered with Mastercard to enable consumers to acquire bitcoins straight from the platform via direct debit, prepaid, or credit card payments.
BTC Markets is a cryptocurrency exchange based in Australia with over 325,000 customers and AU$19 billion in traded digital assets. Users can deposit and withdraw Australian dollars without incurring any trading costs.
At the moment, there are twenty-five trade pairs available, with support for both retail and institutional investors. Along with crypto trading, customers can stake supported cryptocurrencies.
Caroline Bowler, CEO of BTC Markets, commented on the development:
“As the bitcoin market continues to develop and adapt, customers are increasingly seeking faster and simpler methods of securely and quickly accessing cryptocurrency. We are thrilled to work with Mastercard, as they share our commitment to stability, innovation, and customer safety, and will enable us to give our clients new options to engage with this burgeoning digital asset class.”
— BTC Markets (@BTCMarkets) March 29, 2022
Mastercard Integrates Cryptocurrency Into Its Network
Mastercard teamed with CoinJar earlier this year to develop one of the country’s first cryptocurrency payment cards supported by an Australian cryptocurrency exchange. Additionally, the payments provider expanded its crypto-linked credit cards across Asia Pacific through collaborations with Thailand’s Amber Group and Bitkub.
Mastercard partnered with Coinbase, a US-based cryptocurrency exchange, in January to enable users to make purchases on the Coinbase NFT marketplace.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.