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November 01, 2021

Broad Market Adoption Continues

"The Wharton School at University of Pennsylvania is launching a new crypto program and will accept crypto for payments. It is the first IVY league school to accept crypto and likely will be the first of many dominos.

Mastercard also continues to make waves with a big week in crypto. The company made a partnership with Bakkt to allow crypto transactions between businesses and consumers, powered by swiping their Mastercard. Here is a quote from the PR:

“Mastercard customers can now enable consumers to buy, sell and hold cryptocurrency, deliver unique, crypto-centric loyalty opportunities, and streamline issuance of branded crypto debit and credit cards”

TLDR; A top-5 business school started accepting crypto and the #2 payment processor is making it easier for merchants and consumers to use crypto for their purchases."

-Harsharn Singh, Investment Associate @ Ember Fund

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