Mastercard launched a global Crypto Partner Program that brings more than 85 cryptocurrency firms, payment providers and financial institutions together to develop on-chain payment and commerce solutions, the company said in an announcement.
The initiative gathers exchanges, blockchain developers, fintechs and banks including Binance, Circle, Ripple, Gemini, PayPal and Paxos to work on enterprise use cases for digital assets.
The program is designed to facilitate collaboration on future product development for cross-border remittances, B2B transfers, payouts and settlement, and to combine the speed and programmability of digital assets with established card rails, the announcement said. Mastercard described a "core belief that the next phase of on-chain payments will be built through collaboration," the company said in an announcement.
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"The focus is practical execution: translating technical innovation into scalable, compliant use cases that can operate across markets and integrate seamlessly into everyday commerce," the company said in an announcement, adding the effort builds on its Start Path blockchain accelerator track and the Engage platform's dedicated Crypto Card program.
Participants will work with Mastercard to pilot and scale solutions intended to integrate digital-asset capabilities into global commerce flows, the announcement said.
The recap
- Mastercard launches a global Crypto Partner Program with industry participants.
- Program includes more than 85 crypto firms, banks and payment providers.
- Partners will collaborate on remittances, B2B transfers and settlement.
