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Mastercard Says Crypto Cards Will Let Small Businesses Accept Crypto

According to Mastercard, users will be able to pay with cryptocurrency while transactions are settled in fiat on the company’s payment network behind the scenes.

Fact Check
The claim accurately reflects Mastercard's official strategy and product offerings. According to Mastercard's 'Crypto Card Program' documentation and various 2025 press releases, the company facilitates transactions where users pay in cryptocurrency (often stablecoins) and the network converts these funds to fiat for settlement to the merchant. This mechanism allows small businesses to accept crypto-funded payments without changing their existing fiat-based infrastructure.
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Terms & Concepts
  • Crypto cards: Payment cards linked to cryptocurrency balances, allowing users to spend digital assets through traditional card networks.
  • Fiat: Government-issued currency such as the U.S. dollar, used here as the settlement currency on Mastercard’s network.
  • Payment network: The infrastructure that routes, authorizes, and settles card transactions between merchants, banks, and card providers.