Rewards

<ul> 
 <li>The duo aim to target developing markets in Southeast Asia and Africa.</li> 
 <li>The Swoo tokens, which are user incentives and can be instantly transferred to other cryptos.</li> 
</ul> 
<a href="https://thenewscrypto.com/mastercard-bolsters-crypto-fraud-detection-with-artificial-intelligence/" target="_blank" rel="noreferrer noopener">Mastercard</a>, a payments behemoth, is collaborating with <a href="https://swooapp.com/" target="_blank" rel="noreferrer noopener nofollow">Swoo Pay</a>, a mobile payments service that focuses on developing countries, to provide loyalty benefits in crypto. 
Major payment networks such as Visa and Mastercard have long allowed users to earn digital currencies as a kind of incentive, similar to loyalty points. Not long ago, Mastercard boasted about a cryptocurrency reward program in partnership with <a href="https://thenewscrypto.com/bakkt-warns-of-financial-strain-contemplates-public-securities-offering/" target="_blank" rel="noreferrer noopener">Bakkt</a>, a platform owned by the NYSE. 
Visa had also teamed with the now-defunct BlockFi to create a credit card that allowed customers to earn <a href="http://bitcoin.org" target="_blank" rel="noreferrer noopener nofollow">bitcoin</a> on purchases – efforts that failed for various reasons. 
<h3 class="wp-block-heading" id="h-strategic-expansion">Strategic Expansion </h3> 
Moreover, Mastercard and Swoo are teaming together to reach developing markets in Southeast Asia and Africa that have yet to be serviced by Google Pay. According to Filipp Shubin, co-founder of Swoo, this also involves communicating with people in nations where there is an abundance of reasonably priced Huawei devices. 
Shubin stated: 
<blockquote class="wp-block-quote"> 
 “In many emerging countries like Nigeria, Kenya, Philippines and Indonesia, there are billions of users who have MasterCard and Visa cards, but don’t have access to Google Pay. Another problem concerns countries with big market share of Huawei smartphones, since due sanctions from the U.S. government, there are no Google services on top of these phones.” 
</blockquote> 
Furthermore, the Swoo tokens, which are user incentives and can be instantly transferred to other cryptocurrencies like bitcoin or USDC, will be ultimately backed by Mastercard, according to Shubin. Around 15,000 people took advantage of the five percent cryptocurrency rebate program in January as a trial run. 
Highlighted Crypto News Today: 
<a href="https://thenewscrypto.com/ripple-boosts-global-expansion-with-cib-collaboration-in-egypt/" target="_blank" rel="noreferrer noopener">Ripple Boosts Global Expansion with CIB Collaboration in Egypt</a>

Mastercard Collaborates with Swoo Pay to Offer Crypto Loyalty Rewards

Mục lục

TheNewsCrypto

Các bài viết khác được xuất bản trên 21 thg 2, 2024

Fetch.ai and Worldcoin Price Prediction: AI Coins Present Retest Entry For Wild Returns

Billionaires Exit Long Positions: Should You Sell Crypto?

Chain Reaction 2024 by FARI Solutions set for Azerbaijan

Do Kwon to be extradited to US following last-ditch effort in Montenegrin court: Report

Circle to end USDC support on Justin Sun’s Tron Network

Ethereum Whale Accumulates 65K ETH, A Price Rally Ahead?

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!