BTC Markets becomes first Australian crypto exchange to enter a strategic merchant partnership with Mastercard
BTC Markets has announced a strategic merchant partnership with global technology company Mastercard.
The partnership will enable BTC Markets customers to make direct debit, prepaid or credit card payments into the Cryptocurrency Exchange seamlessly, safely and securely delivering the same experience as making any other online purchases.
The partnership reflects a significant leap for BTC Markets customers who previously could only pay using bank transfer. The shift will enable more payment options, creating a world-class digital experience that mirrors that of an e-commerce check-out.
The partnership with Mastercard will see BTC Markets benefit from access to Mastercard’s broad range of payments and fraud technologies and capabilities to ensure BTC Markets are at the forefront of safe and secure payments.
BTC Markets CEO Caroline Bowler said, “As the cryptocurrency landscape continues to grow and evolve, customers are increasingly looking for faster and simpler ways to access cryptocurrency securely and efficiently. We’re excited to be partnering with Mastercard, who share our focus on stability, innovation and consumer protection, and enable us to offer our clients new ways to engage with this emerging digital asset class.”
Richard Wormald, Division President, Australasia for Mastercard said, “Mastercard is excited to partner with BTC Markets to enhance the cryptocurrency trading experiencing for consumers in Australia. The partnership will see BTC Markets leverage our technology to provide a smart, simple and safe way for consumers to top up their digital cryptocurrency wallets, delivering a frictionless e-commerce experience.”
This is BTC Markets’ third strategic merchant partnership announcement in the last six months. In September 2021, it announced a banking relationship with Volt Bank to access their unique banking-as-a-service (BaaS) platform, followed by a trading arrangement with online broker SelfWealth in February 2022.
As a collaborative and innovative exchange, BTC Markets is on a mission to bring together forward-thinking partners who understand the opportunity in cryptocurrency.
“From BTC Markets’ point of view, it’s about understanding the needs of our Australian consumers seeking to access crypto safely and securely,” Ms Bowler added. “Together with our partners, we want to co-create an ecosystem for our clients – to complement their existing finance relationships in the banking, payments and investments space – all under one roof.
“From an industry perspective, we’re seeking to demonstrate how crypto can sit alongside traditional finance to seamlessly work together in a financially inclusive future,” she concluded.