Payments giant Mastercard unveiled a new Crypto Partner Program aimed at connecting the rapidly developing world of blockchain tech with its vast global payments infrastructure.<\/p>\n
According to a recent report by Bloomberg, more than 85 blockchain and fintech-focused firms have joined the initiative, with some of the major names including Binance, Ripple, Gemini, PayPal, Paxos, and Circle.<\/p>\n
The report, citing information provided by the payments behemoth, indicated<\/a> that this joint venture signals another step by traditional financial networks toward integrating cryptocurrency assets into mainstream commerce.<\/p>\n Given the substantial number of big crypto and fintech names joining the program, Mastercard noted that they plan to explore how on-chain tech, including programmable payments and tokenized assets, can integrate with TradFi payment systems used by merchants, banks, and consumers worldwide.<\/p>\n The program itself will focus on developing practical applications where blockchain can complement existing financial rails rather than replace them.<\/p>\n Mastercard execs Raj Dhamodharan and Sherri Haymond claimed that crypto assets have entered a new phase, which could boost them further into the traditional financial system.<\/p>\n \u201cAs digital asset technologies mature, Mastercard will continue focusing on what we do best: enabling trust, setting standards, and connecting systems at scale. By bridging on-chain innovation with the framework that powers everyday payments, we\u2019re helping ensure that what\u2019s next works with what already does,\u201d they added.<\/p>\n Bloomberg added that the new program builds on several earlier initiatives aimed at integrating the digital asset class into its ecosystem. It previously supported crypto-linked payment cards, invested in blockchain startups via its Start Path accelerator, and introduced services designed to help banks manage industry-related compliance and risk.<\/p>\n Although cryptocurrencies have risen in popularity in the past half a decade, their integration into everyday payments remains a complex challenge. Mastercard aims to address that by positioning itself as a bridge between the emerging blockchain economy and the traditional financial system.<\/p>\n The post Mastercard Enlists Ripple, Binance, and PayPal in New Crypto Partnership: Report<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Payments giant Mastercard unveiled a new Crypto Partner Program aimed at connecting the rapidly developing world of blockchain tech with its vast global payments infrastructure. According to a recent report by Bloomberg, more than 85 blockchain and fintech-focused firms have joined the initiative, with some of the major names including Binance, Ripple, Gemini, PayPal, Paxos, […]<\/p>\n","protected":false},"author":0,"featured_media":141379,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-141378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/141378"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=141378"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/141378\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/141379"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=141378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=141378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=141378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Broader Push<\/h2>\n