Mastercard | Crypto

Mastercard is rolling out verified, human-readable crypto aliases to self-custody wallets, using Polygon for onchain support and Mercuryo for identity verification. Mastercard is expanding its Crypto Credential program to self-custody wallets, allowing users to send and receive cryptocurrencies using verified, username-style aliases instead of long wallet addresses. Polygon will be the first blockchain to support the rollout, while payments firm Mercuryo will handle identity verification and issue the aliases to users, according to a Tuesday press release shared with Cointelegraph. “By streamlining wallet addresses and adding meaningful verification, Mastercard Crypto Credential is building trust in digital token transfers,” said Raj Dhamodharan, executive vice president of blockchain and digital assets at Mastercard. Read more

The potential acquisition would mark one of Mastercard’s largest crypto bets yet, expanding its stablecoin and tokenization infrastructure amid growing competition. Mastercard is reportedly in advanced talks to acquire crypto and stablecoin infrastructure startup zerohash in a deal valued from $1.5 billion to $2 billion, according to multiple sources familiar with the negotiations. The news, reported by Fortune on Wednesday, follows earlier efforts by Mastercard to expand its footprint in stablecoin infrastructure. The global payments giant previously explored acquiring BVNK, a London-based stablecoin startup, in a deal valued near $2 billion, according to sources familiar with the talks. Read more

Circle is embedding USDC into global payment networks as part of a broader push spanning Africa, Asia, Europe and the Middle East. Circle has unveiled two partnerships to embed stablecoins settlement into mainstream finance. New deals with Mastercard and Finastra aim to expand USD Coin's role to merchants and banks worldwide. Mastercard said on Wednesday that it will enable acquirers and merchants in Eastern Europe, the Middle East and Africa (EEMEA) to settle transactions in USDC (USDC) and Euro Coin (EURC). Arab Financial Services and Eazy Financial Services will be the first to adopt the service, marking the first stablecoin settlement available through Mastercard in the region. Finastra, a London-based financial software provider, also announced on Wednesday the integration of USDC into its Global PAYplus platform, which is said to processes more than $5 trillion in cross-border transactions daily. Read more

Chainlink has announced a partnership with Mastercard that lets 3 billion cardholders buy crypto onchain in a single step through Swapper Finance, combining Mastercard’s network with ZeroHash custody, Shift4 card processing and XSwap liquidity, helping lower barriers for mainstream adoption. The post Chainlink Made a Historic Partnership with Mastercard to Let 3B+ Cardholders Buy Crypto On-chain appeared first on Cryptonews.

The integration comes with help from several Web3 companies, whose technologies offer a compliant user experience. Chainlink, a company that provides a decentralized oracle network, has partnered with payments provider Mastercard to allow the credit card company’s three billion cardholders to buy crypto onchain. The integration could spur crypto adoption by providing a new avenue for people without Web3 exposure to gain experience with digital assets. The integration is made possible through a series of partnerships with Web3 entities, including Shift4 Payments, Swapper Finance, XSwap and ZeroHash, a crypto and stablecoins infrastructure company that will provide the onchain service and liquidity enabling customers to convert fiat currency to crypto. “The current version of the application available at Swapper Finance is non-custodial and leverages account abstraction to provide users with simplicity and control,” a Chainlink Labs spokesperson told Cointelegraph. “It was important that this solution was built...

Chainlink has announced a new partnership with Mastercard to make crypto purchases easier and more secure for mainstream users, according to a July 24 statement. The collaboration will allow over 3 billion Mastercard cardholders worldwide to buy digital assets directly on-chain using fiat. This marks a significant step forward in integrating traditional finance with blockchain […] The post Chainlink surges 14% after partnering with Mastercard to bring 3 billion users direct access to crypto appeared first on CryptoSlate.

MoonPay has tapped Mastercard to launch global stablecoin card services, expanding the card giant's crypto push amid competition with Visa.