Mastercard and MoonPay Drop a Crypto Bombshell: Stablecoin Payments Go Mainstream
Traditional finance just got a blockchain-powered uppercut. Mastercard—yes, the plastic-in-your-wallet relic—is teaming up with crypto gateway MoonPay to launch a stablecoin-linked payment card. Because nothing says ’adoption’ like Visa’s arch-rival embracing the very tech it once eyed with suspicion.
Banks Hate This One Trick
Details are scarce, but insiders hint at direct fiat-to-stablecoin swaps at point-of-sale. Imagine: buying coffee with USDC while legacy settlement systems chug along at 1970s speeds. The irony? This partnership likely only happened after Mastercard’s lawyers confirmed stablecoins won’t vaporize their compliance department.
The Cynic’s Bonus
Wall Street’s playbook remains unchanged: fight crypto until you can profit from it. Now watch as the same banks that called stablecoins ’dangerous’ rush to white-label MoonPay’s tech—with a 300% markup, naturally.