BTC Markets, an Australian -based cryptocurrency exchange, has teamed up with Mastercard to enable its clients to make direct debit, prepaid or credit card payments for cryptocurrencies on the platform.
The integration of cryptocurrencies is part of a larger trend by payments companies like Mastercard and Visa to incorporate cryptocurrency capabilities into their services. Last year, Mastercard teamed up with CoinJar to launch the country’s first crypto payment card based on an Australian cryptocurrency exchange.
BTC Markets now accepts Mastercard payments
Following a flurry of legislative proposals to regulate and tax the sector, the Australian crypto industry is bracing for a comprehensive regulatory sweep. On Tuesday, March 29, Australia is expected to release its 2022 federal budget, which will outline the government’s ideas for the nation.
