MasterCard Crypto Credential Network

MasterCard’s New Network Makes Crypto Payments Easier

MasterCard has introduced its new ‘Crypto Credential’ network to simplify peer-to-peer cryptocurrency payments, starting in Europe and Latin America.

What Is the Crypto Credential Network?

The Crypto Credential network allows users to send and receive cryptocurrency using easy-to-remember aliases instead of long, complicated blockchain addresses. This system ensures that both parties meet MasterCard’s verification standards and that the recipient’s wallet can accept the transferred crypto.

How It Works

The network uses metadata to verify transactions, making it easier to know which cryptocurrencies and blockchain networks are supported by the person you’re sending funds to. This increases trust and reduces the complexity of crypto transactions.

Initial Launch

The first transactions are enabled on the following exchanges:

  • Bit2Me
  • Lirium
  • Mercado Bitcoin

Where You Can Use It

The network is currently available in several countries, including:

  • Argentina
  • Brazil
  • Chile
  • France
  • Guatemala
  • Mexico
  • Panama
  • Paraguay
  • Peru
  • Portugal
  • Spain
  • Switzerland
  • Uruguay

Supporting Regulations

The network also complies with the Travel Rule, a regulation that ensures transparency in cross-border transactions to prevent illegal activities.

MasterCard’s Vision

Walter Pimenta, Executive Vice President of Product and Engineering for Latin America and the Caribbean at MasterCard, emphasized the importance of providing trusted and verifiable interactions on public blockchain networks as interest in digital assets grows worldwide.

Limited Access and Future Expansion

Initially, a select group of crypto wallet users will have access to the MasterCard Crypto Credential on a first-come, first-served basis. Over the next few months, this service will become available to over 7 million users across the participating exchanges.

Future Applications

While the initial focus is on peer-to-peer transactions, MasterCard plans to expand the Crypto Credential network to support other uses such as NFTs, ticketing, and various payment solutions, depending on market demand and regulatory requirements.




Disclaimer: “The articles on this website reflect the opinions of the respective writers and are not the opinion of In addition, nothing in this article should be considered as financial advice. It is essential to conduct your independent research and consult with a qualified financial advisor before making any financial decisions.” 

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Source: INTRODUCING | MasterCard Launches Network to Simplify P2P Crypto Payments for Users Across the World

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