1. Partnership Announcement: The Stellar Development Foundation (SDF) has announced a new partnership with Mastercard at Meridian 2024 in London. This partnership integrates Mastercard’s Crypto Credential solution with the Stellar blockchain network. 2. Mastercard Crypto Credential Integration: The Crypto Credential solution helps verify and secure interactions between consumers and businesses using blockchain technology. It will now be the exclusive credentialing solution for Stellar ecosystem, enabling secure, compliant use cases for crypto wallet providers such as Coins.ph, Mercado Bitcoin, and Wirex. 3. Simplifying Crypto Transfers: The integration simplifies the process of sending cryptocurrency by allowing users to initiate transfers with just the recipient's email address. Mastercard Crypto Credential ensures that the transaction destination is valid and compliant with regulations. 4. Focus on Remittances and Peer to Peer Transfers: The partnership will initially focus on en...
1. Partnership Announcement: The Stellar Development Foundation (SDF) has announced a new partnership with Mastercard at Meridian 2024 in London. This partnership integrates Mastercard’s Crypto Credential solution with the Stellar blockchain network.
2. Mastercard Crypto Credential Integration: The Crypto Credential solution helps verify and secure interactions between consumers and businesses using blockchain technology. It will now be the exclusive credentialing solution for Stellar ecosystem, enabling secure, compliant use cases for crypto wallet providers such as Coins.ph, Mercado Bitcoin, and Wirex.
3. Simplifying Crypto Transfers: The integration simplifies the process of sending cryptocurrency by allowing users to initiate transfers with just the recipient's email address. Mastercard Crypto Credential ensures that the transaction destination is valid and compliant with regulations.
4. Focus on Remittances and Peer to Peer Transfers: The partnership will initially focus on enhancing remittances and peer-to-peer transfers. The integration combines the user friendly experience of Mastercard with Stellar fast settlement times and low transaction fees.
5. Broader Implications: The partnership will explore further innovative blockchain applications, leveraging Mastercard’s services on Stellar network. This aims to foster wider adoption of blockchain technology.
6. Quotes from Key Stakeholders: Leaders from Stellar, Mastercard, Coins.ph, Mercado Bitcoin, and Wirex emphasize how this partnership will enhance security, drive adoption, and make blockchain more accessible.
7. Stellar Mission and Vision: Stellar aims to provide a decentralized, fast, and scalable network for financial products and services, paving the way for broader economic potential through blockchain technology.
8. Goal of the Collaboration: By making blockchain technology more secure and user-friendly, this partnership seeks to drive mainstream adoption of digital assets and blockchain solutions worldwide
For additional inquiries, please reach out to us at media@stellar.org.
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