Canadian Blockchain Firm STACK Teams with MasterCard

Announcements, Blockchain, FinTech | September 12, 2017 By:

Canadian blockchain firm STACK has joined with MasterCard to offer chip-enabled, prepaid plastic to its consumers. STACK will have its initial beta launch in two weeks. A public launch for Android and Apple users is planned later this year.

STACK provides users with an all-encompassing banking platform, offering financial services like mobile tap-to-pay, tracking spending, automated savings, and a rewards program for reaching financial goals. The company claims that more than 20,000 Android users registered for the beta, which will onboard users this month.

Under the partnership, STACK accounts will include a chip-and-pin Mastercard prepaid card, providing seamless and secure point-of-sale access to worldwide retailers, global ATM networks and purchase protection on every transaction.

“Partnering with Mastercard supports our mission to provide a better alternative to traditional financial services without compromising convenience or reliability,” said Miro Pavletic, co-founder and CEO of STACK. “MasterCard is a trusted technology expert in the payments industry, and we’re committed to working with the best of the best.”

“Canadians want to manage their money on their own terms and STACK is giving them that ability,” said Patrick Sulston, vice president of market development in Canada, MasterCard. “With a MasterCard prepaid card inside the STACK app, Canadians can easily, securely and conveniently access their funds and shop in-store and online.”

The company is also working on allowing customers to access multi-currency and crypto wallets as part of a 360 degree solution to personal finance.

“We see cryptocurrency as a massive opportunity, and it fits into our philosophy that money should be free to use and universally accessible for all users,” said Pavletic. “Because when you look at existing challenge with cryptocurrency right now is that it’s impossible to transact to it, especially when transacting with retail.”