• BNY Mellon and Mastercard enter crypto
    Bitcoin,  Cryptocurrencies,  Libra

    BNY Mellon and Mastercard become latest big brands to back crypto

    America’s oldest bank is launching a service for institutional investors, while the credit card giant plans to offer consumer-to-merchant transactions using digital assets

    What’s significant with BNY Mellon’s announcement is how the bank plans to ensure that digital assets aren’t treated any differently than stocks and bonds, meaning all of these holdings will be managed through the same infrastructure. And rather than solely focusing on the likes of Bitcoin and Ethereum, it appears that BNY Mellon has few limits on the types of digital assets that it’s willing to accept.