Mastercard Plans Web3 Collaborations With Self-Custody Wallet Firms
The payments processor is working with MetaMask and Ledger among others, according to a Web3 Workshop presentation.
“Mastercard is bringing its trusted and transparent approach to the digital assets space through a range of innovative products and solutions – including the Mastercard Multi-Token Network, Crypto Credential, CBDC Partner Program, and new card programs that connect Web2 and Web3," a Mastercard spokesperson said via email.
Large credit card networks are moving ahead with crypto despite tough market conditions and regulatory uncertainty in places like the U.S. Earlier this year, Mastercard made clear its Engage program will focus on bringing new crypto card programs to market. Visa, meanwhile, has been working with stablecoin USDC and the Solana blockchain for cross-border payments and exploring ways to smooth out wrinkles like paying Ethereum gas fees.
“Users want a simple solution – seamless transactions without pre-funding, without spending crypto and without having to deal with taxes,” it said.
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