In a statement submitted to the U.S. Securities and Exchange Commission (SEC), the company announced that it has made significant strides toward its goal of "innovating the payment ecosystem," which includes the tokenization of transactions, the development of solutions to unlock blockchain-based business models, and simplifying access to digital assets.
"With a principled approach (including the application of reasonable risk management practices and continuous monitoring of our partners actively engaged in the digital asset market), we are focused on supporting blockchain and digital currency ecosystems," stated Mastercard.
Mastercard reported that it is collaborating with various cryptocurrency players to enable consumers to purchase cryptocurrency using cards and spend their balances wherever their brands are accepted.
The company also disclosed a net income of $28.2 billion for 2024, representing a 12% increase from the previous year.