• Marqeta and Mastercard announced a partnership to launch a prepaid crypto card in Australia.
• The card will be powered by Marqeta’s Mastercard and can be used online or in physical locations, with Just-in-Time Funding meaning users don’t have to preload balances.
• Stables is also preparing wallet-to-wallet transfers and interest-bearing „earn“ features, with the card expected to launch early in 2023.
Marqeta & Mastercard Partnership
Marqeta and Mastercard recently announced a partnership to launch a prepaid crypto card in Australia. The card will be powered by Marqeta’s Mastercard, allowing users to spend their balance from their Stables wallet wherever Mastercard cards are accepted – both online and at physical stores.
Marqeta’s Just-in-Time Funding feature means that users won’t need to preload balances for the prepaid crypto card – unlike some other crypto cards available on the market.
More Features From Stables
Stables is also preparing more features for its platform, including wallet-to-wallet transfers as well as interest bearing „earn“ features.
Though no exact date has been given yet, it is expected that the Stables crypto payment card will launch early in 2023.
MasterCard Australasia head of fintech Kallan Hogan told Cointelegraph that Stables‘ payment card will rely on MasterCard’s global network and services – including its recent blockchain surveillance acquisition Ciphertrace. It is not clear how much of an active role MasterCard has in the partnership at this time.