Mastercard Launches Crypto Credential to Increase Trust in Blockchain by CoinEdition

by Arthur · April 29, 2023

Mastercard (NYSE:MA) Unveils Groundbreaking Technology to Revolutionize Crypto Transactions.
Mastercard Crypto Credential paves the way for secure and compliant blockchain interactions.
Partnerships with Bit2Me, Mercado Bitcoin and others enhance NFTs, ticketing and payment solutions.

One of the world’s leading payment processors, Mastercard, has unveiled its latest innovation: Mastercard Crypto Credential. This new technology will reportedly pave the way for trusted and compliant interactions on public blockchain networks, revolutionizing how users trade cryptocurrencies.

As the popularity of crypto and blockchain continues to rise, so do security and compliance concerns. That’s why Mastercard is taking a proactive approach, establishing a set of common standards and infrastructure to ensure trusted interactions between consumers and businesses on blockchain networks.

According to their recent release, the Mastercard Crypto Credential will enable different levels of verification depending on the market and compliance requirements, opening up a world of possibilities for businesses and consumers alike. From music NFTs to everyday transactions, the Mastercard Crypto Credential will provide the necessary technology to bring these use cases to life.

Mastercard’s partners in this endeavor reportedly include Bit2Me, Lirium, Mercado Bitcoin, Uphold, and public blockchain network organizations Aptos Labs, Ava Labs, Polygon Labs, and The Solana Foundation. Together, they will work together to improve verification in NFTs, ticketing, businesses and other payment solutions.

This is not Mastercard’s first attempt at building trusted ecosystems to enable commerce. The company has been pioneering innovation in identity verification and global standards for years. With the Mastercard Crypto Credential, they take that expertise to the world of crypto and blockchain.

As the world becomes increasingly digitized, Mastercard’s commitment to increasing trust and enabling further innovation is more critical than ever. With the Mastercard Crypto Credential, businesses and consumers can transact with confidence, knowing that their interactions are secure and compliant.

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