U.S. Company Planning Cryptocurrency Debit Card

The Centra Card is supposed to be a MasterCard (NYSE: MA) product that will have some pretty impressive perks.

It should be noted that this is not certain, earlier Centra imagery showed a Visa card, which has apparently been changed. Currently, the website mentions MasterCard but does not show the MasterCard logo, which means that deal might not be final.

If all goes as planned the Centra Card will be able to convert Ethereum, DASH, Litecoin, Monero, Bitcoin, Ripple, Zcash, and the Centra token (CTR) into fiat currencies such as U.S. Dollars. Note: Centra’s website does not say what fiat currencies the card will convert altcoins into but it would presumably be the U.S. Dollar.

Read more

MasterCard and the Relentless Growth of Electronic Payments

The number of cards outside the United States is particularly good news for MasterCard investors because the company generates around 69% of its revenues from international markets. More importantly, MasterCard experienced double-digit growth in those markets in 2016.

Read more