Mastercard announced on Monday it is introducing Crypto Source, a new program that will help banks "bring secure crypto trading capabilities and services to their customers."
The company noted it will provide financial institutions access to " a comprehensive suite of buy, hold and sell services for select crypto assets, augmented with proven identity, cyber, security and advisory services" in partnership with crypto custody providers.
Mastercard noted that it is collaborating with Paxos Trust Company to support the program with Paxos in charge of providing crypto-asset trading and custody services on behalf of the banks and Mastercard leveraging its technology to integrate those capabilities into banks’ interfaces.
