On April 29th, Mastercard launched a new Web3 solution that aims to improve user verification standards and decrease the likelihood of “bad actors” in the digital asset space. The solution, called the “Mastercard Crypto Credential,” provides a unique identifier to users to instantly verify that the recipient’s address is compliant with Mastercard’s standards. This verification also supports compliance through the exchange of essential metadata. In case a bad actor is identified, Mastercard can revoke their verification quickly. The company partnered with various wallet providers, such as Bit2Me, Lirium, Mercado Bitcoin, and Uphold, and blockchain companies like Aptos, Avalanche, Polygon, and Solana. Mastercard also collaborated with CipherTrace to help verify addresses and support Travel Rule compliance for cross-border transactions. In the past couple of years, Mastercard has been increasing its exposure to the crypto sector, including launching a musician accelerator program and NFTs. Similarly, Mastercard’s competitor, Visa, also announced a new stablecoin payments-focused project that requires expertise in Web3 and blockchain tech.
US district judge refers FTX independent examiner issue to appellate court
A motion for the appointment of an independent examiner in the bankruptcy case of crypto exchange FTX has been referred...
