Global payment processing company, Mastercard, has over the years contributed to supporting crypto exchange platforms in powering payment. Gemini and Binance have been beneficiaries of this
Mastercard recently announced the launch of the “Mastercard Crypto Credential” (MCC). The MCC is a Web3 tool created for blockchain and crypto companies to filter their crypto customers.
Users will get a “Mastercard crypto credential unique identifier” which will enable them to identify if past crypto activities were under compliance or not.
According to Mastercard, the new tool comes with the potential of helping crypto exchange meet system regulation and compliance.
Mastercard further stated that in situations where scammers try to obtain the MasterCard Crypto Credential for fraudulent practices, the company will revoke their verification once confirmed to have been part of such practices.
Not long ago, MasterCard in partnership with Polygon announced an NFT gated musician accelerator program.
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