Mastercard (MA) said Thursday that it launched Global Money Platform with BVNK, combining Mastercard's global payments network with BVNK's stablecoin infrastructure through a single API.
The platform enables banks, fintechs and businesses to manage multi-currency accounts, convert between fiat currencies and stablecoins, issue stablecoin-linked cards and make local bank payouts, it said.
Mastercard said Nuvei, Marqeta, Ontop, Beem and Almond FinTech are among the first customers expected to integrate the platform, which is available through BVNK.
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