Global payments company Mastercard is exploring partnerships with cryptocurrency wallets, MetaMask, and Ledger, CoinDesk reported, citing a Web3 workshop deck.
See related article: Parity Technologies, Polkadot blockchain developer, lays off 30% of staff
Fast facts
- The deck reportedly said crypto wallet firms face challenges when expanding to new markets, which is where they can leverage Mastercard’s global payments network. Through payment cards, wallet providers can attract more users, create loyalty, and generate additional revenue streams, while enabling seamless crypto transactions.
- The credit card giant reportedly said it is exploring “new models for global issuance using stablecoin on chain settlement” and “inexpensive fast chains”.
- Mastercard reportedly plans to roll out a set of guidelines for partner companies that underscores consumer protection, price competition and transaction monitoring. If approved, the subsequent phase involves the launch of a card in the European Union or the U.K.
- In 2021, Mastercard acquired Ciphertrace, a blockchain analytics firm that develops tools to help identify illicit crypto transactions. The company’s ‘Engage’ program aims to bring new crypto cards to market and offers new ways to convert crypto to fiat.
See related article: Binance loses two more top execs in UK and France
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://forkast.news/mastercard-explores-partnerships-with-crypto-wallets-metamask-ledger-coindesk/
- :is
- :where
- 2021
- a
- acquired
- Additional
- aims
- analytics
- and
- approved
- article
- attract
- blockchain
- BLOCKCHAIN ANALYTICS
- Blockchain Developer
- bring
- CAN
- card
- Cards
- chain
- challenges
- CipherTrace
- citing
- Coindesk
- Companies
- company
- Company’s
- competition
- consumer
- Consumer Protection
- convert
- create
- credit
- credit card
- crypto
- crypto transactions
- Crypto wallet
- crypto wallets
- cryptocurrency
- cryptocurrency wallets
- deck
- Developer
- develops
- enabling
- European
- european union
- Execs
- expanding
- explores
- Exploring
- Face
- FAST
- Fiat
- Firm
- firms
- For
- generate
- giant
- Global
- Global Payments
- guidelines
- help
- HTTPS
- identify
- if
- illicit
- in
- involves
- issuance
- IT
- jpg
- launch
- Lays
- LAYS OFF
- Ledger
- Leverage
- Loses
- Loyalty
- Market
- Markets
- mastercard
- MetaMask
- models
- monitoring
- more
- network
- New
- new crypto
- of
- off
- Offers
- on
- or
- out
- partner
- partnerships
- payment
- payments
- phase
- plans
- plato
- Plato Data Intelligence
- PlatoData
- Polkadot
- Polkadot Blockchain
- price
- Program
- protection
- providers
- related
- reportedly
- revenue
- Roll
- Said
- seamless
- set
- stablecoin
- streams
- subsequent
- Technologies
- that
- The
- they
- Through
- to
- tools
- top
- transaction
- Transactions
- two
- Uk
- underscores
- union
- users
- using
- Wallet
- Wallets
- ways
- Web3
- when
- which
- while
- with
- workshop
- zephyrnet
More from Forkast
Bitcoin, Ether surge after Ripple notched partial win against SEC; Ripple’s XRP leads crypto rally
Source Node: 2172566
Time Stamp: Jul 13, 2023
Ethereum inflows slow following Shanghai upgrade, exchanges see Ether influx
Source Node: 2062657
Time Stamp: Apr 18, 2023
Could FTX woes bring on another crypto freeze resembling Terra-Luna?
Source Node: 1753384
Time Stamp: Nov 11, 2022
Circle’s USDC stablecoin regains parity as regulators act to stop bank run risk
Source Node: 2007517
Time Stamp: Mar 13, 2023
Markets: Bitcoin, Ether fall along with all top 10 cryptos as investors await consumption index
Source Node: 1980123
Time Stamp: Feb 24, 2023
PayPal stablecoin: Good for crypto legitimacy but not ideals
Source Node: 2292437
Time Stamp: Sep 25, 2023
Markets: Bitcoin, Ether, DOGE fall amid slowing activity in China, SHIB edges up
Source Node: 1623601
Time Stamp: Aug 15, 2022
If the UK wants to become a crypto hub, it must do better
Source Node: 1671092
Time Stamp: Sep 19, 2022