Mastercard To Help Banks Offer , Cryptocurrency Trading to Their Clients.<br />CNBC reports that Mastercard is announcing a new program where it will serve as a "bridge" between crypto trading platform Paxos and banks.<br />The two companies will oversee regulatory compliance <br />and security, which many banks have previously cited <br />as reasons for not wanting to delve into crypto.<br />According to Mastercard's chief digital officer, 60% of consumers who are considering crypto would feel more comfortable exploring options with their existing banks. .<br />There’s a lot of consumers out there that are really interested in this, and intrigued by crypto, but would feel a lot more confident if those services were offered by their financial institutions. , Jorn Lambert, Mastercard’s chief digital officer, to CNBC.<br />It’s a little scary to <br />some people still, Jorn Lambert, Mastercard’s chief digital officer, to CNBC.<br />CNBC reports that if banks take Mastercard up on its offer, it could mean more competition for exchanges such as Coinbase.<br />CNBC reports that if banks take Mastercard up on its offer, it could mean more competition for exchanges such as Coinbase.<br />Mastercard intends to pilot its <br />crypto services in Q1 of 2023.<br />If everything goes as planned, the company will "crank the handle" and expand the service
