Headquartered in Purchase, New York, Mastercard is a multinational financial services corporation. Its primary business includes processing payments between the banks of merchants and the card issuing banks or credit unions of the purchasers who use the "Mastercard" brand. Mastercard is reported to be one of the partners in the Libra Association — a consortium established to govern Facebook’s planned stablecoin project, Libra. In 2019, Mastercard has hinted towards the development of cryptocurrency and wallet products.
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