Stellar Development Foundation partnered with Mastercard to integrate Crypto Credential into the Stellar network, enabling secure remittances and peer-to-peer transfers through Coins.ph, Mercado Bitcoin, and Wirex with simplified email-based transactions.
At Meridian 2024, the Stellar Development Foundation announced a partnership with Mastercard to embed Mastercard Crypto Credential into the Stellar ecosystem. The solution enables crypto wallet providers including Coins.ph, Mercado Bitcoin, and Wirex to offer secure, compliant transactions by verifying interactions and allowing users to initiate remittances using email addresses. Mastercard Crypto Credential confirms that destinations are valid, can accept selected digital assets, and comply with regulatory requirements. The initial focus is remittances and peer-to-peer transfers, leveraging Stellar's fast settlement times and low fees. The partnership also explores broader applications of Mastercard services on Stellar, combining Stellar's on-and-off-ramps with Mastercard's infrastructure to drive mainstream blockchain adoption.
