Mastercard Launches Crypto Credential Service for Cross-Border Transfers

The set of verification standards uses technology from the CipherTrace, the well-known blockchain analytics platform Mastercard agreed to acquired in late 2021.

• 2023-04-29
• Mastercard Credential service Raj Dhamodharan Financial Action Task Force Cross-border transactions digital assets

Mastercard seeks to expand crypto card tie-ups

Mastercard will expand its cryptocurrency payment card programme by seeking more partnerships with crypto firms, the company's head of crypto and blockchain said, even as the sector comes under closer scrutiny from regulators and banks grow wary. Mastercard has already partnered with crypto exchanges including Binance, Nexo and Gemini to offer crypto-linked payment cards in some countries. The Binance cards allow users to make payments in traditional currencies, funded by their cryptocurrency

• 2023-04-28
• Mastercard Raj Dhamodharan cryptocurrency exchanges crypto exchange payment card crypto exchanges

Visa, Mastercard pause crypto push in wake of industry meltdown - sources

U.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook faith in the industry, people familiar with the matter told Reuters. Both Visa and Mastercard have decided to push back the launch of certain products and services related to crypto until market conditions and the regulatory environment improve, said the people, who asked not to be named as talks were confidential. "Recent high-prof

• 2023-02-28
• Mastercard Visa payment processor