The Banking Executive Magazine - October Issue 2022

Mastercard MASTERCARD TO BRING CRYPTO TRADING CAPABILITIES TO BANKS Mastercard has introduced Crypto Source, a new programme to enable financial institutions to bring secure crypto trading capabilities and services to their customers. The 2022 Mastercard New Payments Index reported that 29% of respondents globally hold cryptocurrency as an investment, with another 65% indicating a preference for crypto-related services to be provided by their current trusted financial institution. In partnership with regulated and licensed crypto custody providers, Mastercard's financial institution partners will gain access to a comprehensive suite of buy, hold and sell services for select crypto assets, augmented with proven identity, cyber, security and advisory services. Mastercard Crypto Secure This Crypto Source offering is complemented by Mastercard Crypto Secure to bring additional security to the crypto ecosystem and support the BANKING EXECUTIVE 54 ISSUE 166 OCTOBER 2022