Mastercard will help banks start trading in cryptocurrencies

Mastercard wants to get more banks involved in crypto by making it easier for them to do so

The payments giant plans to introduce a program Monday to assist financial institutions provide bitcoin trading

Mastercard and Paxos will manage compliance and security, two reasons banks avoid the asset class

Mastercard's chief digital officer claimed polling indicated demand for the asset, but 60% of respondents said they'd prefer use their present banks

Goldman Sachs, Morgan Stanley, and JPMorgan have crypto teams but don't offer it to consumers

Mastercard and Visa are partnering in crypto. Mastercard has partnered with Coinbase on NFTs and Bakkt to help banks and merchants offer crypto services

In a strange way, cryptocurrencies were made to replace banks and middlemen like Mastercard and Visa