{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=NL&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=MasterCard+to+support+cryptocurrency+in+2021&text=Payments+giant+MasterCard+has+announced+that+it+will+be+rolling+out+support+for+cryptocurrency+this+year+to+offer+users+the+choice+of+tender.&text=%3Cdiv+class%3D%22post-content%22+data-v-5a136f3a%3D%22%22%3E%0A%0AMasterCard+has%3Ca+href%3D%22https%3A%2F%2Fwww.mastercard.com%2Fnews%2Fperspectives%2F2021%2Fwhy-mastercard-is-bringing-crypto-onto-our-network%2F%22%3E+released+a+report+announcing%3C%2Fa%3E+plans+that+it+will+be+supporting+%3Ca+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fnl%2Fcrypto-trade%2F%22%3Ecryptocurrencies%3C%2Fa%3E+within+the+year.+The+payments+platform+will+allow+its+users+to+use+and+transact+cryptocurrency+at+more+than+30+million+merchants+across+the+world.+MasterCard+explained+that+this+support+might+open+up+the+market+to+new+customers+as+well+as+building+a+loyal+base+of+its+current+customers+who+are+looking+to+transact+using+digital+assets+instead+of+national+tender.%0A%0AAs+in+the+report%2C+the+payments+platform+won%27t+be+urging+any+users+to+start+using+cryptocurrency%2C+but+will+be+there+to+support+those+who+intend+to+migrate+to+digital+assets%3A%0A%0A%3Cem%3E%E2%80%9CIt%E2%80%99s+about+choice.+MasterCard+isn%E2%80%99t+here+to+recommend+you+start+using+cryptocurrencies.+But+we+are+here+to+enable+customers%2C+merchants+and+businesses+to+move+digital+value.%E2%80%9D%3C%2Fem%3E%0A%0A%3C%2Fdiv%3E%0A%3Cdiv+class%3D%22post-content%22+data-v-5a136f3a%3D%22%22%3E%0A%3Ch2%3EWhich+cryptocurrencies+will+MasterCard+support%3F%3C%2Fh2%3E%0AThe+payments+giant+added+that+not+all+cryptocurrencies+will+be+available+on+the+network.+Those+assets+which+are+able+to+align+with+regulations+and+offer+reliable+tender+will+be+supported+by+the+platform%2C+but+ones+which+do+not+meet+the+requirements+will+not%3A%0A%0A%3Cem%3E%22To+be+completely+clear%2C+not+all+of+today%E2%80%99s+cryptocurrencies+will+be+supported+on+our+network.+While+stablecoins+are+more+regulated+and+reliable+than+in+the+recent+past%2C+many+of+the+hundreds+of+%3Ca+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fnl%2Fcfd-makelaars%2F%22%3Edigital+assets%3C%2Fa%3E+in+circulation+still+need+to+tighten+their+compliance+measures%2C+so+they+won%E2%80%99t+meet+our+requirements.%22%3C%2Fem%3E%0A%0AThe+criteria+which+assets+will+need+to+fulfil+will+be+under+the+following%3A%0A%3Cul%3E%0A+%09%3Cli%3ERobust+consumer+protections+including+consumer+privacy+and+security%2C%3C%2Fli%3E%0A+%09%3Cli%3EStrict+KYC+compliance%2C%3C%2Fli%3E%0A+%09%3Cli%3EAdherence+to+local+laws+and+regulations%2C+and%3C%2Fli%3E%0A+%09%3Cli%3EStability+as+a+means+of+payment.%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Ch2%3EMasterCard%27s+partnership+with+blockchain+firms%3C%2Fh2%3E%0AMasterCard+continued+to+explain+that+it+will+not+be+moving+the+cryptocurrencies+through+its+network.+Instead%2C+it+will+be+relying+on+cryptocurrency+partners+to+make+conversions+to+ensure+transactions+occur+securely.+These+partners+include+Wirex+and+BitPay%2C+both+of+which+MasterCard+partnered+up+with+last+year.+The+payments+platform+has+also+introduced+LVL+to+the+mix+as+an+exchange+platform.%0A%0A%22%3Cem%3E%5BCryptocurrencies%5D+still+don%E2%80%99t+move+through+our+network.+Our+crypto+partners+convert+the+digital+assets+on+their+end+to+traditional+currencies%2C+then+transmit+them+through+to+the+Mastercard+network.%22%C2%A0%3C%2Fem%3E%0A%0A%3C%2Fdiv%3E","timeout":15}