Microsoft Shares Strategies for Integrating Crypto into Regular Payment Transactions

Microsoft, a pioneer in global payment technology innovation and payments, has announced plans to develop methods of integrating crypto, Non-Fungible Tokens (NFT), and metaverse into the world’s financial sector to make daily payments seamless.


Raj Dhamodharan the Executive Vice President of Digital Asset & Blockchain Products and Partnerships at Microsoft outlined 5 different methods of making this possible.

 

Raj first mentioned the use of crypto-cards. Raj mentioned that Microsoft has partnered. Gemini The United States will be the first country to offer a crypto-based credit card. A recent announcement was made in Europe as Microsoft creates the world’s first debit card to be personalized into a customer’s NFT avatar.

 

Raj explains that the second option is to provide services via crypto. Microsoft offers support to crypto users and banks through the use of crypto.

 

Thirdly, companies can form a partnership with giant-crypto companies such as  Paxos and Uphold to convert crypto into fiat so as to simplify payment transactions. Fourth, Microsoft will allow you to integrate some cryptocurrencies into their network in order to increase the number of payment options available.

 

Raj spoke out about the importance of NFTs and metaverse partnerships. According to him, “Customers of Coinbase can already use Mastercard to pay for NFTs, and in June we announced intentions to extend these options to eight additional NFT marketplaces and infrastructure providers.”

 

Make payments easy with crypto

 

2020 will see Binance become the most popular cryptocurrency exchange in the world. Announcement The “Binance Card” is a new product which promises to provide crypto payment services around the globe. The “Binance Card” offers many more features than a typical payment card. It works in the same way as a debit card issued by your bank.


Also, Uber CEO Dara Khosrowshahi That the tech business is open for embrace Bitcoin As a means of payment for Uber Eat delivery and transportation services, in an interview with CNBC’s Squawk Box

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