Mastercard Expands Global Partner Network to Meet Growing Consumer Demand for Innovative Payment Solutions.
Mastercard, the renowned payments processing giant, has exciting news to share as it announces the expansion of its global partner network. This strategic move comes in response to the ever-increasing demand from consumers for cutting-edge payment technologies.
The expanded Engage partner network by Mastercard aims to provide broader access to digital assets and blockchain technology. Its primary focus is on facilitating the introduction of new crypto card programs into the market, as well as enabling seamless crypto-to-fiat conversion capabilities.
To empower businesses in swiftly launching and scaling products that drive the thriving Web3 economy, Mastercard is introducing a new track within its global Engage partner network. This track will serve as a platform for digital asset firms to connect with partners seeking to launch and expand their crypto payment solutions. Notable partners such as Baanx, Credencial Payments, Episode Six, Immersve, Monavate, Moorwand, PayCaddy, Paymentology, Pomelo, Swap, and Unlimit have already joined the program.
Raj Dhamodharan, the Executive Vice President of Blockchain and Digital Assets at Mastercard, expressed the company’s commitment to co-innovating within the industry to enhance access to crypto and blockchain technology. This forward-thinking approach not only unlocks immense potential but also provides users with greater choices in payments and commerce.
In line with its focus on cryptocurrencies, Mastercard recently submitted an application to the U.S. Patent and Trademark Office. The application outlines the company’s plans to introduce innovative software specifically designed for crypto and blockchain transactions, aiming to establish links with virtual asset service providers.
Mastercard’s progressive steps towards embracing the world of crypto demonstrate its dedication to driving innovation and meeting the evolving needs of consumers in the digital age.
Read Also: Bloomberg Analyst: Bitcoin (BTC) Struggles with Major Headwind Above $30,000
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.
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