Marqeta To Power Crypto Spend, Reward Products For Coinbase, Fold, Shakepay, Bakkt

  • Modern card issuing platform Marqeta Inc MQ announced it is powering cryptocurrency spending and rewards products for Coinbase Global Inc COIN, Fold, Shakepay, and Bakkt Holdings Inc BKKT, to tap the growing interest in new card products in the rapidly evolving category.
  • Marqeta has opened up new applications of its platform to allow cryptocurrency to be spent at the point of sale or allow consumers to earn rewards in cryptocurrency from debit and credit card spending.
  • "To see such an impressive list of innovators turn to Marqeta to build out new crypto cards and reward programs shows the flexibility of our modern card issuing platform and our unique modern architecture, which can support entirely new card constructs and power their launch at scale," stated Randy Kern, Chief Technology Officer, Marqeta.
  • Price Action: MQ shares traded higher by 9.26% at $25.12 on the last check Tuesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Long IdeasNewsContractsMoversTechTrading IdeasBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!