Mastercard and Paxos help banks offer crypto.
Banks will soon be equipped to offer clients crypto trading and custody thanks to a new program called Crypto Source from Mastercard and Paxos Trust Company. As part of the program, Mastercard will cover some of the compliance, security and interface details while Paxos handles crypto custody and trading. Expected in the final quarter of 2022, the Crypto Source program will essentially provide the underpinning that will let banks offer crypto trading and custody to their clients.
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