Mastercard Launches P2P Crypto Network

Mastercard is launching a peer-to-peer network for sending and receiving digital assets across borders.

The P2P network, called Mastercard Crypto Credential, will serve users in Europe and Latin America.

As published in the Blockpro, the Mastercard Crypto Credential network, which is in pilot mode, supports transactions on Bit2Me, Lirium and Mercado Bitcoin exchanges, enabling cross-border payments across the Atlantic, Mastercard said Wednesday in a statement. The P2P platform’s rollout forms part of the payments company's push to leverage digital assets for cross-border payments, a growing payments services sector.

“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,” Walter Pimenta, executive vice president of product and engineering for Latin America and the Caribbean at Mastercard, said in a statement.

This is a very interesting development in the crypto transfer and trading space.

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