Crypto gateway provider Fasset and the international payment system MasterCard have entered into a partnership agreement to jointly develop digital solutions.
The agreement to start joint development of methods and technologies that ensure the accessibility of Indonesian citizens to cryptocurrency assets implies the creation of applied digital solutions.
Fasset chief executive Hendra Suryakusuma says that a quarter of Indonesia’s population of approximately 92 million people still lack access to digital banking services. Fasset and Mastercard aim to fill this gap:
“Our partnership aims to reduce barriers to accessing digital finance and create opportunities to benefit from the use of new services. The consequence will be greater popularity of crypto assets, their use cases and areas of application. For example, remittances based on digital assets could spark a new wave of socio-economic uplift through unique crypto product offerings.”
Fasset believes that cryptoassets allow their owners to store their funds and participate in economic activities in the most secure way.
In June, the international payment system MasterCard signed an agreement with the Brazilian company Mercado Libre on a commitment to increase the security and transparency of the company’s crypto ecosystem. Earlier, MasterCard and Edge announced the release of a joint crypto-card Confidential Mastercard, which does not require identification (KYC).
Source: Bits
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