Mastercard partners with Paxos to strengthen crypto trading

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Updated October 17, 2022 | Published October 17, 2022

2 mins read

Following its recent Crypto Secure initiative, the payments company makes further moves in ensuring safety in crypto trading services.

Global payments giant Mastercard has partnered with New York-based financial institution and technology company Paxos.
The two organizations aim to further expand the uses of crypto trading services by providing a program to help financial institutions offer cryptocurrency trading.

The payments company will help banks follow the correct crypto compliance rules, keep a close eye on regulatory and compliance matters including security for banks, and, provide anti-money-laundering and identity monitoring services.

Mastercard’s chief digital officer Jorn Lambert said: “There’s a lot of consumers out there that are really interested in this, and intrigued by crypto, but would feel a lot more confident if those services were offered by their financial institutions. It’s a little scary to some people still.”

Recently, Mastercard’s launched its Crypto Secure service, in line with the business arrangement with Paxos.
The new technology assesses the risks affiliated with crypto exchanges by using blockchain data analysis.

Looking for your next crypto casino? Check out: Bitcasino, Gamb.co or FortuneJack.

Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.
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