Odaily Planet Daily reports that payment services company Mastercard and fintech company BVNK announced on October 15 the launch of the Global Money Platform, which integrates stablecoin balances with hundreds of millions of merchant locations worldwide and supports issuing payment cards in over 130 countries.
The platform integrates fiat accounts, stablecoin exchanges, payment cards, and international payments through a single API, enabling banks, fintech companies, and enterprises to offer accounts that hold both fiat and stablecoins. Nuvei, Marqeta, Ontop, Beem, and Almond FinTech have already integrated.
Mastercard Move connects to over 17 billion payment terminals and enables direct transfers of stablecoin balances into bank accounts as local currency. The platform’s coverage is planned to expand by 2027 to more than 200 countries and regions and over 40 currencies; Mastercard acquired BVNK in August for up to $1.8 billion. (Bitcoin.com News)