Mastercard is now Bakked

Mastercard is following Visa lead and finally providing crypto services to its customers. This move will see them partner with Bakkt, who will provide custody for the upcoming products, the thousands of banks, and millions of merchants on their network.

Launched in 2018 Bakkt was conceived as a Bitcoin Custodian, such as Anchorage ot Coinbase Custody. March brought the long-awaited wallet and app, that provides points and rewards at participating vendors like Starbucks.

As well as beginning trading on the Nasdaq, closing out its first day 6.41% down at the price of $8.76 from the opening price of $9.41, but today the assets trades at $12.28 a share.

This deal will enable Mastercard to provide Bitcoin wallets, crypto credit cards that earn rewards in crypto, instead of those airline points that expire and only are applicable on certain flights and much more.

The wave of institutional interest that has been bubbling over the past couple of years, is what is leading the new charge in the Mastercards crypto initiative, the final push needed was the approval of the Bitcoin ETF that began trading last week.

The ETF allows this barded from exposing themselves to the digital assets due to certain companies rules, to now be able to buy it. Thi. s wave of approval pushed Bitcoin to a new all-time high of $66,930, as well as Etherum, hitting $4,336 respectively