To develop an on-chain identification and verification framework for a range of applications in payments, remittances, ticketing, and NFTs, Mastercard is working with Web3 players.
The Mastercard Crypto Credential is made to assist businesses, developers, and individuals in realizing the full potential of facilitating on-chain and international trade in payments and economic value.
Blockchain Network
Crypto wallet companies Bit2Me, Lirium, Mercado Bitcoin, and Uphold are among the partners on board; they are working on an initial initiative to facilitate transactions between the US and corridors in Latin America and the Caribbean.
Additionally, the business is collaborating with Aptos Labs, Ava Labs, Polygon, and The Solana Foundation public blockchain networks. To support the identity and attestation component of sending and receiving money through Web3, Aptos claims to be on the shortlist of blockchains.
- Mastercard is working with Web3 players to develop an on-chain identification.
- Attestation component of sending and receiving money through Web3, Aptos.
- Mastercard’s StartPath program has added six more blockchain and digital asset startups.
Additionally, the partners want to look into the value of identity-focused Web 3 use cases like NFTs, tickets, enterprise, and payments.
As an executive vice president at Mastercard, Raj Dhamodharan says, the Mastercard Crypto Credential ensures individuals seeking to interact across Web3 settings meet the standards.
In addition to defining verification standards and levels, Mastercard Crypto Credential will offer the critical enabling technology to facilitate the realization of further use cases.
Mastercard’s StartPath program, which offers participants technical cooperation possibilities, training, access to channels and clients, and subject matter expertise, has added six more blockchain and digital asset startups.
