Mastercard merges with aptos, polygon, avalanche and Solana to strengthen the presence of Web3

Mastercard merges with aptos, polygon, avalanche and Solana to strengthen the presence of Web3
The US payment giant Mastercard has launched a new web3 solution that is supposed to create more trust in blockchain transactions.
The offer called "Mastercard Crypto Credential" will establish a number of common standards and infrastructures that "will help to confirm trustworthy interactions between consumers and companies that use blockchain networks".
MasterCard crypto registration information
In a blog post published on April 28, Mastercard emphasized the need for trustworthy, conformer and verifiable interactions in public blockchain networks. In this respect, Mastercard Crypto Creditial should help to ensure that the players who are interested in interaction via Web3 meet certain defined standards while participating in any kind of activity.
In addition to the definition of verification standards and levels, Mastercard Crypto Creditial will also provide the necessary basic technology to address more applications.
MasterCard said that the focus on the provision of easy -to -notice, uncomplicated aid names will be to help consumers share the armband addresses with each other, improve consumer experience and at the same time reduce the error potential.
Another aspect to which the new offer aims is the provision of more comprehensive information for blockchain transactions through metadata, together with the definition of attributes of a wallet to ensure that transactions such as intended.
In addition, the company used the Ciphertrace service suite to review addresses and to support compliance with travel regulations for cross-border transactions.
For this initiative, the company has teamed up with prominent blockchain entities such as aptos labs, AVA Labs, Polygon Labs and The Solana Foundation. These partners have the task of supporting the company in making Mastercard Crypto Creditial available to application developers in their ecosystems.
The cooperation aims to improve the verification in NFTS, ticketing, corporate and other payment solutions.
Mastercard increases its web3 presence
Mastercard was involved in several initiatives in the web3 area. Last October, she started a program to help traditional financial institutions offering her customers' trade in cryptocurrencies. The payment company has teamed up with Binance to introduce crypto prepaid cards in Brazil.
recently sketched his plans for the publication of NFT to make web3 musicians easier to access resources to boost their career.
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