Mastercard has unveiled a new blockchain-based offering in partnership with various crypto firms including Polygon, Solana, Ava, and more. Mastercard Crypto Credential aims to enhance verification in NFTs, ticketing, enterprise, and other payment solutions and instill trust in the blockchain ecosystem. We expect the system to establish a set of common standards and infrastructure. Therefore attest trusted interactions among consumers and businesses using blockchain networks.
Mastercard’s Head of Crypto and Blockchain, Raj Dhamodharan, explained that the innovative system will have multiple use cases since consumer and business verification needs vary widely based on market and compliance requirements. Mastercard will integrate the system into its Mastercard Music Pass NFT, Mastercard Artist Accelerator offers, and its work with Immersve.
The main focus of the offering is to ensure that those interested in interacting across Web3 environments meet defined standards for the types of activities they pursue. The partnership with networks like Polygon and Solana also speaks to the potential of the technology.
The launch of Mastercard Crypto Credential comes as the payment company seeks partnerships with various crypto firms. The system’s unveiling demonstrates Mastercard’s commitment to blockchain technology and its potential to transform the payments industry. As the industry increasingly adopts blockchain and cryptocurrencies, we expect Mastercard’s latest offering to enhance security and transparency.
In conclusion, Mastercard’s latest blockchain-based offering, Mastercard Crypto Credential, in collaboration with various crypto firms.
It will enhance verification in NFTs, ticketing, enterprise, and other payment solutions while instilling trust in the blockchain ecosystem. The system is expected to establish common standards and infrastructure to attest trusted interactions among consumers and businesses using blockchain networks.