Mastercard has announced a new partnership with crypto payment provider MoonPay to explore Web3 tools, drive innovation, and strengthen consumer connections.
- Payments behemoth Mastercard continues to deepen its involvement with blockchain technology and has announced a new partnership with crypto payment provider MoonPay to explore Web3 tools, drive innovation, and strengthen consumer connections.
“We’re excited to collaborate with Mastercard, a prominent supporter of Web3 and the digital economy, to redefine customer loyalty and engagement,” said Ivan Soto-Wright, co-founder and CEO of MoonPay. “Joining forces will create new opportunities to showcase blockchain’s potential in establishing unique connections and meaningful moments while broadening our industry’s overall reach.”
He said MoonPay “will be incorporating Mastercard's ‘Click to Pay,’ Mastercard Send, and Mastercard Crypto Credentials into its payment solutions.” “With Mastercard Crypto Credential, we can help ensure that those interested in interacting across Web3 environments are meeting defined standards for the types of activities they’d like to pursue,” the firm said. “Mastercard Crypto Credential will not only define verification standards and levels, but also provide necessary enabling technology to help bring more use cases to life.”
In October 2022, the firm announced the launch of ‘Crypto Secure’, a crypto service desk focused on helping banks identify and prevent fraud from occurring on crypto merchant platforms. Later that month, the company launched ‘Crypto Source’, a program that enables financial institutions to begin offering secure crypto trading services to their customers.
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