Question 1

What is Mastercard Crypto Credential?

Accepted Answer

It is a framework for verifying participants in blockchain transactions through standardized assurance signals that firms can build into their approval, compliance, and risk processes, according to a statement from Mastercard.

Question 2

Which companies are taking part in the pilot?

Accepted Answer

Alongside Mastercard and Borderless.xyz, the network participants Infinia, Walapay, and Koywe joined as some of the first stablecoin payment operators to use Crypto Credential at network scale, per the announcement.

Question 3

How does this relate to Mastercard's BVNK deal?

Accepted Answer

The pilot follows Mastercard's completion of its $1.8 billion acquisition of stablecoin infrastructure firm BVNK earlier in the week, part of a broader stablecoin expansion that also includes June's regulated settlement rollout and the March Crypto Partner Program.

Borderless.xyz

Mastercard pilots Crypto Credential with Borderless.xyz for stablecoin payments

One sharp brief.
Every day.

Borderless.xyz

Mastercard pilots Crypto Credential with Borderless.xyz for stablecoin payments

One sharp brief.Every day.

One sharp brief.
Every day.