Stellar Development Foundation and Mastercard announced a partnership integrating Mastercard Crypto Credential into the Stellar network, enabling secure, compliant crypto remittances and peer-to-peer transfers through participating wallet providers including Coins.ph, Mercado Bitcoin, and Wirex.
At Meridian 2024 in London, the Stellar Development Foundation announced a strategic partnership with Mastercard to integrate Mastercard Crypto Credential as the exclusive credentialing solution on the Stellar network. The solution simplifies crypto transfers by allowing users to initiate remittances using just an email address, while Mastercard Crypto Credential verifies destinations, asset compatibility, and regulatory compliance in the background. Initial focus will be on remittances and peer-to-peer transfers through wallet providers Coins.ph, Mercado Bitcoin, and Wirex, leveraging Stellar's fast settlement times and low fees. The partnership also explores broader applications of Mastercard's services on Stellar, combining Mastercard's trust infrastructure with Stellar's network of on-and-off-ramps and regulated tokenized real-world assets.
