Mastercard has launched a new Crypto Partner Program, bringing together over 85 companies to connect blockchain technology directly with global commerce infrastructure. The initiative includes major players like Binance, Circle, Ripple, Gemini, PayPal, and Paxos.
Participants will collaborate with Mastercard to explore how blockchain-based systems can integrate with traditional payment rails used by banks, merchants, and consumers. The program focuses on practical applications such as cross-border transfers, business-to-business payments, and global payouts, aiming to scale digital assets by plugging them into Mastercard's existing global network.
The initiative builds on Mastercard's prior engagement with the digital asset industry, including crypto-linked payment cards and support for blockchain startups. This move mirrors similar efforts by competitors like Visa, as the industry navigates the complexities of integrating digital assets into everyday commerce.