On July 20, Mastercard said it was simplifying access to its Accelerate program for crypto card issuers, allowing applicants to be onboarded as partners “in a matter of weeks.”
Now enhanced for crypto card applicants, the Accelerate program gives partners support with their market entry, continued growth and international expansion.
While it is streamlining access to its program for crypto firms, Mastercard has emphasized that all partners must comply with its “core principles.”
These include providing robust consumer protection (ensuring privacy and security for users), operating in compliance with relevant laws and regulations, such as Anti-Money Laundering rules, and establishing a level playing field for all stakeholders, such as financial institutions, merchants and mobile network operators.
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