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Yesterday, Mastercard announced that it has partnered with Bakkt to bring crypto payments to the masses. Now any bank or financial institution can issue a crypto payment card on Mastercard's vast network, and users can spend crypto at merchants that accept Mastercard. This is another sign of custodians & exchanges acting as a form of "Layer 3" solution to further help scale transactions. Bakkt's stock was up over 400% on Monday following the news.
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