Mastercard partners with crypto gateway to drive financial inclusion in Indonesia

Mastercard has partnered with crypto gateway provider Fasset to co-develop digital solutions that may drive adoption in Indonesia. The collaboration aims to expand financial inclusion in the country and extend opportunities to its local economy. The executive also believes that crypto adoption in countries like Indonesia will also have a significant impact on the broader crypto ecosystem. In June, Mastercard expanded its network for nonfungible token (NFT) markets to allow its cardholders to purchase NFTs directly with their cards, eliminating the need to buy crypto before making NFT purchases. Back in May, Michael Miebach, the CEO of Mastercard, made a bold prediction that SWIFT may cease to exist in five years during a panel on central bank digital currencies (CBDCs) Source