15 Best FAANG Stocks to Buy According to Hedge Funds

Page 7 of 15

9. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 155

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.

Page 7 of 15