Stock Track | Mastercard Plummets 5.68% as Shares Hit Five-Week Low Amid New Competition
Mastercard stock plummeted 5.68% in Friday's trading session, reaching its lowest point in over five weeks. The sharp decline comes as the payment giant faces potential new competition in the lucrative card rewards market.The sell-off intensified after news broke that Coinbase, in partnership with American Express, is set to launch a new Bitcoin rewards card this fall. The Coinbase One Card will offer up to 4% back in Bitcoin on every purchase, potentially challenging traditional credit card re