Payment giant Mastercard has announced the launch of a pilot Crypto Credential service. This is a service for cryptocurrency transfers between users, P2P transactions by UID.

According to the release, users of crypto platforms #Bit2Me, #Lirium, #Mercado,#Foxbitand#Lulubitwill be able to conduct P2P transactions using the “Mastercard Crypto Credential” identifier instead of a long wallet address. Similar to ENS domains. Every#Mastercardcustomer will receive an easy-to-remember identifier that will replace “long and complex blockchain addresses.”

To use the service, you must obtain your UID from your Mastercard service partner. The service is currently only available in a number of countries: Argentina, Brazil, Chile, France, Guatemala, Mexico, Panama, Paraguay, Peru, Portugal, Spain, Switzerland and Uruguay. That is, first of all, the countries of Latin America, but also individual countries of Europe.