Mastercard and Stellar Join Forces to Enhance Crypto Transactions
16.10.2024 15:35 1 min. read Alexander Stefanov
The Stellar Development Foundation has partnered with Mastercard to improve remittances and peer-to-peer transactions on the Stellar network.
This collaboration will integrate Mastercard’s Crypto Credential system, allowing users to conduct crypto transactions using only the recipient’s email address, enhancing ease and compliance.
This system will facilitate secure interactions between digital wallet providers like Coins.ph and Mercado Bitcoin. The initial focus will be on peer-to-peer transfers, with future plans to explore broader applications within Stellar’s ecosystem.
Denelle Dixon, CEO of the Stellar Development Foundation, emphasized that this integration will boost transaction efficiency and expand blockchain adoption.
Mastercard continues to lead in merging cryptocurrencies with mainstream finance, having recently launched the Spend debit card, which enables users to spend crypto assets directly from their wallets across its network.
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