Mastercard has announced the integration of Ethereum into its payment systems, allowing users to make purchases in cryptocurrency worldwide through real-time crypto-to-fiat conversion.
Expanding Blockchain Payment Capabilities
Mastercard announced partnerships with Bitget Wallet, Immersve, and Chainlink to support new functionalities. These partnerships will enhance blockchain payment capabilities.
Cooperation with Crypto Exchanges and Wallets
Mastercard’s initiative also collaborates with major exchanges such as MetaMask, Crypto.com, OKX, and Kraken, bolstering users' ability to utilize crypto assets in everyday transactions.
Compliance and Security Measures
Mastercard emphasizes the importance of adhering to global standards, including KYC and AML, while ensuring secure transactions and fraud protection.
The integration of Ethereum and stablecoins by Mastercard is likely to significantly impact the DeFi ecosystem, increasing transaction flows and exchange activity.
