As regulatory clarity for crypto improves worldwide, Mastercard unlocked a bold new solution yesterday that bridges TradFi with DeFi to open new global commerce opportunities: End-to-end stablecoin acceptance and payment capabilities.
The international payment service has joined forces with major crypto-native companies – Kraken, MetaMask, Gemini, Crypto.com, and Binance – so that you can spend stablecoins at over 150M worldwide locations that accept Mastercard.Not to mention that rewards can be won through these partnerships, and you can withdraw stablecoins into your bank account using Mastercard Move.
Also stepping up in this arena is Best Wallet, one of the best anonymous crypto wallets. It’s getting set to launch its own debit card that’s designed to make spending crypto – not just stablecoins – even easier for everyday spending.
Mastercard’s ambitions to connect people with crypto don’t end there, as evidenced by more strategic partnerships.
It has partnered with OKX, one of the best crypto exchanges, to launch the OKX Card. Plus, teamed up with Nuvei and Circle so that merchants can accept payments in stablecoins (like Circle’s $USDC), regardless of their payment method.Moreover, JPMorgan Chase and Standard Chartered are connected to Mastercard’s Multi-Token Network (MTN), which links traditional bank accounts to digital asset opportunities. It achieves this by facilitating real-time transactions to make stablecoin and blockchain payments faster.
Mastercard also allows you to send and receive digital assets with reliable, straightforward usernames through ‘Mastercard Crypto Credential.’ Doing so enhances the trust and transparency of stablecoin transactions.
But it’s not the only one on a mission to turn crypto into cash. Best Wallet’s upcoming crypto debit card – Best Card – is also getting set to turn crypto into daily spending power.
Best Wallet is positioning itself as a top contender in the crypto credit card realm by combining real-world utility with a deeply integrated DeFi ecosystem.
The upcoming Best Card is a natural extension of the Best Wallet experience. It’s designed to make spending crypto as easy as fiat anywhere Mastercard is accepted.
What sets Best Wallet apart is that it offers users more than just a spending tool. The software wallet’s on-ramper integration gives you the best exchange rates and lowest fees when purchasing crypto directly in-app.
With the support of over 1K digital assets, soon across 50 more blockchain networks, it offers unmatched flexibility. Plus, its cross-chain swaps across 330+ of the best DEXs and 30+ bridges make it a truly interoperable crypto solution.
Not forgetting that it has a staking aggregator that offers high APYs (currently at 126%), which creates additional passive income alongside everyday spending.
If you hold Best Wallet’s native token – $BEST – you can enjoy cashback on purchases and even lower transaction fees, which directly incentivizes loyalty and daily use.
Moreover, you’ll gain early access to the best new presales and governance rights. As such, you can have a say in the Best Wallet ecosystem’s future trajectory.
Suppose you’re security-conscious. You can rest easy knowing that the wallet integrates Fireblocks MPC security tech for secure cloud backups of all its multi-chain wallets.
To top it off, you can also enable biometric authentication to prevent unwanted account access.
Together, Mastercard’s and Best Wallet’s moves signal a shift from speculative crypto use to practical, everyday utility.
Mastercard’s launch of end-to-end stablecoin acceptance will bring the assets into mainstream commerce. Meanwhile, Best Wallet’s crypto card will make various types of cryptos as easy as spending fiat.
Better still, you can buy $BEST on presale for just $0.0249 to enjoy early access to new presale projects, reduced transaction fees, higher staking rewards, and community governance.
Considering that $BEST has already accumulated $11.8M+ and that its price is anticipated to reach $0.072 this year (nearly an 189% spike compared to its current value), there’s no better time to join.
But this isn’t investment advice. You must always DYOR before making buying crypto and only invest what you can afford to lose without regret.