The New York State Department of Financial Services has approved Mastercard Transaction Services for a BitLicense, which will enable the company to handle digital currencies including stablecoins and tokenized deposits. Since 2015, more than two dozen companies have received BitLicenses from New York to support virtual currency business activities, including PayPal, Block (parent company of Cash App and Square), Coinbase, Circle, Robinhood, BitPay, Fireblocks, MoonPay, Ripple and Zero Hash. With a BitLicense, Mastercard can operate a cryptocurrency business that serves consumers and busi...