Mastercard Incorporated
MA NYSE

MA
Mastercard Incorporated NYSE
 
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Sep 102021

Mastercard bolsters its crypto investment

Mastercard bolsters its crypto investment with the acquisition of major crypto forensics company CipherTrace.

Mastercard has made another big bet on crypto and buys blockchain analytics company CipherTrace. The acquisition comes after the card giant announced in February that it would begin supporting a select few digital currencies on its network. Ajay Bhalla, president of cyber and intelligence at Mastercard said:

Digital assets have the potential to reimagine commerce, from everyday acts like paying and getting paid to transforming economies, making them more inclusive and efficient. With the rapid growth of the digital asset ecosystem comes the need to ensure it is trusted and safe. Our aim is to build upon the complementary capabilities of Mastercard and CipherTrace to do just this.
Executium / Unslplash