Mastercard launches crypto credentials pilot program with its exchange partners to make crypto transactions easier for new users via aliases and pre-screening.
Mastercard has launched its crypto credentials P2P pilot program in hopes of streamlining crypto transactions and eliminating user error for customers.
“As interest in blockchain and digital assets continues to surge in Latin America and around the world, it is essential to keep delivering trusted and verifiable interactions across public blockchain networks." Additionally, the crypto credentials program is attempting to mitigate financial loss by pre-screening transactions to prevent users from sending incompatible crypto assets to the recipient's address.Complex addresses, technical jargon, and the prospect of permanent financial loss due to sending assets to the wrong chain are enough to keep users accustomed to Venmo, PayPal, and online banking apps far away from the crypto space.
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