News Mastercard, Twitter Show Bitcoin Interest Following Tesla

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Margo

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In recent weeks, institutional interest in cryptocurrencies has accelerated yet again after Tesla had bought $1.5 billion worth of bitcoin. Twitter’s chief financial officer Ned Segal revealed in an interview with CNBC, that the company had considered how it might pay vendors or employees using bitcoin. Mastercard also announced plans to allow cardholders to make payments in certain cryptocurrencies. The company is also “actively engaging” with central banks worldwide on their plans to launch new digital currencies, Mastercard said in a blog post on Wednesday. “Mastercard’s plans to integrate crypto payments represents another indicator of the deep structural shifts taking place in our financial infrastructure,” said John Wu, president of Ava Labs.

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