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Marqeta Partners with Digital Wallet Stables to Launch MasterCard Prepaid Card

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It is reported that Marqeta, a global modern card issuing platform, has announced a new partnership with Digital Wallet Stables to support its new MasterCard prepaid card. Headquar

Marqeta Partners with Digital Wallet Stables to Launch MasterCard Prepaid Card

It is reported that Marqeta, a global modern card issuing platform, has announced a new partnership with Digital Wallet Stables to support its new MasterCard prepaid card. Headquartered in Sydney, Australia, Stables allows users to consume, send, and earn stable currency on a single balance. With Marqeta’s dynamic spending control and instant financing capabilities, Stables’ customers will be able to convert stable currencies into legal tender and accept MasterCard consumption anywhere online and in stores worldwide.

Card issuing platform Marqeta cooperates with Digital Wallet Stables to support prepaid cards

Global modern card issuing platform, Marqeta, has partnered with Digital Wallet Stables, a Sydney-based company that enables users to consume, send, and earn stable currency on a single balance. This collaboration aims to launch a new MasterCard prepaid card that will allow Stables’ customers to convert stable currencies into legal tender and accept consumption anywhere online and in stores worldwide.

Partnership Details

Marqeta is a Chicago-based company that offers a modern card issuing platform that enables businesses to issue physical or virtual cards in real-time. The platform is highly API-driven and flexible, making it easy to integrate with other systems. The company’s dynamic spending control and instant financing capabilities make it a popular choice among businesses in the fintech industry.
Digital Wallet Stables, on the other hand, offers a digital wallet for holding and managing stable currencies like US dollars, Euros, and Australian dollars. Its platform uses blockchain technology to ensure higher levels of transparency and security for users. The partnership between Marqeta and Stables seeks to expand the usage of stable currencies by making them more accessible and converting them into legal tender using the MasterCard network.

Benefits for Stables’ Customers

The new MasterCard prepaid card will offer Stables’ users several benefits, including the ability to spend their stable currencies like cash, accept payments from anyone including non-Stables users, and access the MasterCard merchant network worldwide. Stables’ customers will also enjoy the convenience of a single balance for all their stable currencies, enabling them to manage their finances more efficiently.

Benefits for Marqeta

The partnership with Digital Wallet Stables is a strategic move for Marqeta. The collaboration opens up new opportunities for the company to expand its market reach and increase its customer base in Australia and other parts of the world. By providing Stables’ customers with access to the MasterCard network, Marqeta can also benefit from the transaction fees generated by the use of the new prepaid card.

Conclusion

In conclusion, the partnership between Marqeta and Digital Wallet Stables to launch a new MasterCard prepaid card is a significant development in the fintech industry. The collaboration combines two innovative companies to expand the usage of stable currencies and provide users with greater convenience and control over their finances. With Marqeta’s dynamic spending control and instant financing capabilities and Stables’ blockchain technology and digital wallet, the new prepaid card is set to revolutionize the way people manage their finances.

FAQs

Q1. What is Marqeta?
A: Marqeta is a modern card issuing platform that enables businesses to issue physical or virtual cards in real-time.
Q2. What is Digital Wallet Stables?
A: Digital Wallet Stables is a Sydney-based company that offers a digital wallet for holding and managing stable currencies like US dollars, Euros, and Australian dollars.
Q3. What are the benefits of the new MasterCard prepaid card?
A: The new MasterCard prepaid card will offer Stables’ users several benefits, including the ability to spend their stable currencies like cash, accept payments from anyone including non-Stables users, and access the MasterCard merchant network worldwide.

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