Mastercard's Product Roster To Expand With Self-Custody Wallet Firms Partnership
Portfolio Pulse from Khyathi Dalal
Mastercard Inc (NYSE:MA) plans to partner with self-custody wallet firms such as MetaMask and Ledger to expand its product roster. The company aims to assist wallet providers in increasing active users, building loyalty, and generating additional revenue streams. Mastercard also plans to issue a card targeting the EU or U.K. as the first market for smoother transactions without pre-funding, spending crypto, or dealing with taxes. Despite regulatory challenges, Mastercard and Visa continue to enhance their digital and crypto initiatives.
October 24, 2023 | 10:23 pm
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POSITIVE IMPACT
Mastercard's partnership with self-custody wallet firms and its plan to issue a card for smoother crypto transactions could potentially increase its user base and revenue streams.
Mastercard's partnership with self-custody wallet firms and its plan to issue a card for smoother crypto transactions could potentially increase its user base and revenue streams. This could have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Visa is mentioned in the context of enhancing its digital and crypto initiatives, similar to Mastercard.
Visa is mentioned in the context of enhancing its digital and crypto initiatives, similar to Mastercard. However, the news does not provide specific details about Visa's initiatives, making the impact on its stock price neutral in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50