Mastercard announced this week that it would help banks offer crypto trading services to their clients. It will do this by verifying transactions and providing assistance for banks to follow official compliance rules.

Mastercard also launched its new Crypto SourceTM for this project. This is a new program that will allow banks to offer crypto trading services and capabilities to their customers.

The Harrison, New York-headquartered financial service firm is aiming to bring crypto to the majority of the public by making way for banks to easily offer services related to cryptocurrencies.

As per CNBC, Mastercard will serve as a “bridge” between Paxos and banks for crypto-related offerings. Paxos is already being used by Paypal to provide similar services to its users. Mastercard and Paxos crypto trading platform will team up to handle regulatory compliance and security requirements for financial institutions.

Moreover, to support its new crypto scheme, Mastercard expanded its collaboration with Paxos Trust Company which is currently a leading blockchain infrastructure. Together, they will provide crypto-asset trading and custody services in support of the banks. Mastercard will use its technology to incorporate these capabilities into the banks’ interfaces and make the service an easy and hassle-free experience for users.

“At Mastercard, trust is our business. What we are announcing today is a connected approach to services that will help bring users safely and securely into the crypto ecosystem,” Mastercard’s president of cyber and intelligence, Ajay Bhalla, said in a press release. “Our recent investments in this space, such as the acquisition of CipherTrace and Ekata, are providing us with a unique set of capabilities to help provide our customers and consumers with the most technically advanced solutions available in the market.”

In an interview with CNBC, Jorn Lambert, Mastercard’s chief digital officer, also suggested that this new program on crypto trading service will be a success as he noted that many customers are really interested. Many are intrigued by cryptocurrency, so a lot could sign up for the service.

“There’s a lot of consumers out there that are really interested in this, and intrigued by crypto, but would feel a lot more confident if those services were offered by their financial institutions,” Lambert said and adding, “It is a little scary to some people still.”