Mastercard Incorporated (NYSE:MA) ranks among the best FAANG stocks to buy according to hedge funds. On June 24, Mastercard Incorporated (NYSE:MA) and Chainlink announced a collaboration that will enable Mastercard cardholders to use a fiat-to-crypto conversion service to purchase cryptocurrency assets directly on blockchain networks.
The partnership makes direct bitcoin purchases possible by fusing Chainlink’s interoperability technology with Mastercard Incorporated (NYSE:MA)’s worldwide payments network. Moreover, the collaboration attempts to eliminate obstacles that have kept the general public from using blockchain-based financial services. The companies claim that the integration gives users a consistent experience that renders it easier for payment cardholders to acquire cryptocurrencies.
According to Raj Dhamodharan, Executive vice president of Blockchain & Digital Assets at Mastercard Incorporated (NYSE:MA):
“People want to be able to connect to the digital assets ecosystem easily.”
Mastercard Incorporated (NYSE:MA) is a multinational payments technology company. By facilitating safe and effective electronic payments, it links customers, banks, retailers, governments, and enterprises.
While we acknowledge the potential of MA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds
Disclosure: None.
