Crypto Blog
Mastercard has launched its Mastercard Crypto Credential, facilitating the first peer-to-peer pilot transactions that simplify and secure blockchain transfers.
Users across Peru, Chile, Portugal, Argentina, Guatemala, Panama, Mexico, Brazil, Paraguay, Spain, France, Switzerland, and Uruguay will be able to conduct both cross-border and domestic transfers across various currencies and blockchains. Foxbit has become the newest crypto wallet provider to join the Mastercard Crypto Credential pilot program, thereby reaching a broader audience. Additionally, Lulubit users will gain access through its integration with Lirium.
In a statement, Walter Pimenta, executive vice president of Product and Engineering, Latin America and the Caribbean at Mastercard was quoted saying, The service also removes the complexity for consumers of determining which assets or blockchains the recipient supports by exchanging metadata. The aim is to enhance trust and certainty in transactions.
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