BitOasis inks deal with Mastercard to launch cryptolinked payment cards

Cryptocurrency exchange BitOasis is partnering with Mastercard to offer customers crypto-linked payment cards.BitOasis will offer physical and virtual cards linked to their exchange accounts, according to a statement from the firm. The first cards are set to launch in early 2023. The crypto-linked payment cards will be available to BitOasis customers across the Middle East and North Africa (MENA). Final settlement will be fiat-based, per the announcement. Today’s announcement represents Mastercard’s latest crypto play, having partnered with crypto lender Nexo in April to offer a similar crypto-backed payment card.