Payment giant MasterCard continues to offer convenience to its users with its new partnerships. The payment giant, which has attracted attention with its innovations especially since last year, announced that it has partnered with these 4 altcoin projects! Mastercard will work with these blockchain developers on a new project called Crypto Credential! So, what are those cryptocurrencies? Here are the details…
Payments giant Mastercard has announced that it has partnered with these altcoin projects!
cryptocoin.com As we have reported, the crypto money market continues to give signals in the upward direction with the announcement of new partnerships. Especially the recently announced partnerships reveal that the adoption rate of cryptocurrencies has increased even more and that the confidence in the market will increase over time.
Finally, payments giant MasterCard is bringing added confidence to the cryptocurrency industry with a service that ensures transactions between users’ wallets are verifiable and compliant, starting with the transfer of digital assets between countries.
This new news, announced by MasterCard Blockchain and Crypto President Raj Dhamodharan, revealed that 4 altcoins have been partnered with. According to the statement made by Dhamodharan, MasterCard will work with Aptos Labs, Ava Labs, Polygon and the Solana Foundation. On the subject, MasterCard Blockchain and Crypto head Dhamodharan quotes:
We need to work together to enable reliable, compliant and verifiable interactions on public blockchain networks.
With this step taken to gain the trust of consumers, businesses and governments in the industry, Mastercard attracted the attention of many crypto money investors and delighted its users.
MasterCard has caught the attention of many investors with this new announcement!
MasterCard states that together with Crypto Credential, it will create a set of common standards and infrastructures that will help verify reliable interactions between consumers and businesses using blockchain networks. This could be an extremely important step for the recent lack of trust in the cryptocurrency market. However, the company stated that NFT projects require different verification requirements than those required to send or receive cryptocurrencies. With this new move, the company announced that investors who want to stay engaged in the Web3 world can also meet the defined standards for the actions they want to take.
In this first cross-border use case, the Mastercard Crypto Credential service, announced Friday at Consensus 2023, allows wallets to be identified and transactions to be compliant with definitions such as the Financial Action Task Force (FATF) travel rule. Mastercard Crypto Credential, a set of common standards for confirming interactions, uses technology from the well-known blockchain analytics platform CipherTrace, which Mastercard agreed to acquire in late 2021.
As you know, after many crypto money disasters in 2022 – especially many collapse events such as Terra, Voyager and FTX – experts report that this partnership announcement will attract many investors to the market. As you know, the crypto money market suffered great losses in the total market value after these collapses.
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