Cryptocurrency Analysis and News Portal
Global financial services giant Mastercard has launched a new Web3 solution aimed at enhancing user verification standards and “reducing the opportunities for bad actors” in the digital asset space. The solution is dubbed the “Mastercard Crypto Credential” and its launch was announced on April 29. In an accompanying explainer video
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“If two people want to transfer value from one country to another country, the level of compliance and verification needed is complex,” said Raj Dhamodharan Head of Crypto and Blockchain at Mastercard. “So how do you identify those wallets, and how do you exchange enough information about the other party?" Original
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Fresh data from Glassnode demonstrates that Bitcoin's (BTC) Lightning Network is significantly cheaper to use than legacy payment networks. The median fee rate, or the cost of sending value across the Lightning Network, is 0.0029%, 1,000 times cheaper than that of MasterCard of Visa payment processors. James Check, lead analyst at
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Mastercard’s Music Pass NFTs are key to unlocking the Mastercard Artist Accelerator Program, a Web3 platform giving free access to educational materials. Earlier this week on Wednesday, April 12, the popular payments giant Mastercard stated that it will be releasing non-fungible tokens (NFTs) in order to help Web3 musicians access the
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“As a company, we hope to help people and partners around the world better understand and trust how blockchain and digital assets are used – and how our technology can support the ecosystem,” said Rajamannar. “We also believe that Web3 can be a powerful tool in connecting people and building
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Mastercard has been one of several legacy companies rooted in traditional finance to jump into the Web3 space, having been involved in a number of Web3 initiatives in recent years. Most recently, on April 12, Mastercard announced its new artist accelerator program. However, this time, it added a Web3 twist. The program is nonfungible
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Take, for example, the recent issues that Circle-issued USD Coin (USDC) faced when it depegged from the U.S. dollar following Silicon Valley Bank’s collapse. Two weeks later, Mastercard boldly integrated the stablecoin into its infrastructure in the Asia-Pacific region, allowing users to spend USDC through its network. It’s happening, folks!And
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The collaboration between both entities to enhance USDC payment might attract some forms of skepticism owing to the Fear, Uncertainty, and Doubt (FUD) surrounding Circle, USDC, and the exposure to the three US banks that collapsed in the past week. American multinational financial services firm Mastercard Inc (NYSE: MA) has entered
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Global payment provider Mastercard is launching a stablecoin digital wallet integration with the Australian stablecoin platform Stables.Mastercard and Stables on March 20 announced a collaboration to allow retail customers in the Asia-Pacific (APAC) region to spend their stablecoins anywhere Mastercard is accepted.The collaboration involves a stablecoin-only wallet built by Stables,
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Crypto exchange Bybit has partnered with leading payment processor Mastercard to launch a debit card that facilitates crypto payments. According to reports, these cards would enable users to pay for goods and services from their crypto holdings. However, this payment process does not support direct payment in digital currencies. Instead, the payment process
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