TechFlow news, May 15 — According to Decrypt, Mastercard has partnered with cryptocurrency payment company MoonPay to launch a global stablecoin payment card service. The service will leverage the infrastructure of Iron, a stablecoin payments firm acquired by MoonPay in March this year, enabling users to make stablecoin payments at over 150 million merchants worldwide, with transactions automatically converted into fiat currency.
Earlier in April, Mastercard had already established similar partnerships with cryptocurrency exchange OKX and payment processor Nuvei.
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