In the latest step towards Bitcoin dominance in the financial world, MasterCard has signed a deal with cryptocurrency firm Bakkt to make crypto options available to merchants and banks across its payments network. Banks on the network will be able to provide cryptocurrency rewards on credit and debit cards. Consumers will be able to convert their crypto to pay for purchases and hold digital assets through wallets on Bakkt's platform. The deal could significantly expand access to and adoption of cryptocurrencies, with more than 22,000 banks and financial institutions on the MasterCard network.
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