⚡️ Mastercard Expands Crypto Credential Solution to UAE 🇦🇪 and Kazakhstan 🇰🇿

⚡️ Mastercard Expands Crypto Credential Solution to UAE 🇦🇪 and Kazakhstan 🇰🇿

Mastercard Crypto Credential is currently in its pilot phase, designed to simplify cryptocurrency verification processes between consumers and businesses via blockchain networks.

➡️ The solution enables exchange users to send and receive cryptocurrencies using simple pseudonyms instead of complex blockchain addresses.

➡️ Mastercard Crypto Credential ensures users comply with a set of verification standards and confirms the recipient wallet's compatibility with the sent asset by exchanging metadata and information under the Travel Rule.

➡️ Exchanges ATAIX Eurasia, Intebix, and CoinMENA are already part of the initiative.

➡️ Dubai-based crypto wallet Fuze has also joined, as Mastercard aims to extend its regional influence.

➡️ Although the pilot is initially focused on peer-to-peer transactions, future plans include NFTs and other payment solutions.

➡️ In a related development, Mastercard recently partnered with Singapore-based exchange Crypto.com to launch its proprietary card in Bahrain 🇧🇭.

Kazakhstan and the UAE are emerging as pivotal markets in Mastercard’s expansion into crypto-friendly economies.

#news #CentralAsia #crypto #MiddleEast

🏦 Payouter.com — looking for traders for processing in 🇮🇳 India: P2P, P2C, Intent. We are waiting for you