@ Opensea
May 5, 2023 in Metaverse Media Labs
Mastercard Crypto Credential
On April 28th, Mastercard announced Mastercard Crypto Credential. According to the company, it’s “a set of common standards and infrastructure that will help verify interactions among consumers and businesses using blockchain networks.” Master Crypto Credential aims to define verification levels and provide enabling technology to give users more use cases. Some examples Mastercard gave of ways in which the credential will work: Providing easier-to-remember aliases for wallet addresses to make sharing them simpler among users Bringing richer information to blockchain transactions through metadata Tapping into Mastercard’s CipherTrace services to help verify addresses and support cross-border transactions Mastercard says they will also partner with public blockchain networks and organizations Aptos Labs, Ava Labs, Polygon, and The Solana Foundation, to bring Mastercard Crypto Credential to app developers in their ecosystems.