Stellar joins the Mastercard Crypto Credential ecosystem to unlock verified interactions across public blockchain networks | PR Newswire [Video]

Coins.ph, Mercado Bitcoin and Wirex will use Mastercard Crypto Credential on Stellar

, /PRNewswire/ — At Meridian 2024 in London, U.K., the Stellar Development Foundation announced a new partnership with Mastercard to integrate the company’s Crypto Credential solution with the Stellar network.

Mastercard Crypto Credential, which helps verify interactions among consumers and businesses using blockchain networks, will be embedded in the Stellar ecosystem as the exclusive credentialing solution to enable a range of secure, compliant use cases for crypto wallet providers including Coins.ph, Mercado Bitcoin, and Wirex.

Today, the user experience of cryptocurrency transfers is still complex, which can create a barrier to adoption. With Mastercard Crypto Credential, crypto remittances can be simply initiated using the recipient’s email address. Behind the scenes, Mastercard Crypto Credential ensures the destination is valid, that it can accept the selected digital asset, and complies with regulatory requirements.

Mastercard CryptoCredential confirms interactions among consumers and businesses, providing some peace-of-mind that …