Mastercard and Bakkt partner for crypto rewards card issuance

Mastercard announced Strategic partnership with Bakkt on October 25, 2021.

Primary

Mastercard

Counterparty

Bakkt

Structure

Strategic partnership

Date

October 25, 2021

Sub-sector

Crypto / Stablecoin

Enables Mastercard network banks and fintechs to issue crypto rewards cards backed by Bakkt custodial wallets, expanding consumer access to digital asset spending.

Primary company

Mastercard

Counterparty

Bakkt

Amount

—

Event date

October 25, 2021

Sub-sector

Crypto / Stablecoin

HQ

—

Structure

Strategic partnership

Source published

October 25, 2021

Publisher

American Banker

Source: americanbanker.com