Mastercard may become a partner of Ledger and MetaMask

The Mastercard payment system is considering the possibility of cooperation with crypto wallet providers, including Ledger and MetaMask. This was reported by Coindesk with reference to the report provided by the company.

The source claims that wallet manufacturers face a number of difficulties in distributing the product in new regions. Supporting the Mastercard payment card will help increase the number of active users, increase loyalty and generate additional sources of income, the report says.

“Mastercard maintains a trusted and transparent approach to the digital asset space through a range of innovative solutions. We are talking about the Multi-Token Network platform, the Central Bank Digital Currency (CBDC) affiliate program and other products that combine Web2 and Web3,” the company said.

According to representatives of the payment service, Mastercard’s commitment to cryptocurrencies remains unchanged, despite difficult market conditions and regulatory uncertainty. In June 2023, it announced the expansion of the Engage program to launch digital asset-enabled cards. Additionally, the payments company announced partnerships with Ripple and Consensys to develop CBDC.

According to media reports, Mastercard will release a set of franchising standards and rules for partner firms to ensure consumer protection, price competition and transaction monitoring requirements. Once the proposed standards are approved, the next step will be to issue an EU- or UK-specific card, the report says.

Mastercard’s closest competitor, the Visa payment system, added settlements in the USDC stablecoin on the Solana network and tested paying fees in Ethereum with a bank card.

Source: Cryptocurrency

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