Mastercard plans to use Feedzai’s AI technology to enhance detection and resolution of crypto fraud
Mastercard has revealed its partnership with regulatory technology platform Feedzai to strengthen the detection and resolution of fraudulent activities spread through encrypted transactions. Through this partnership, Feedzai will directly integrate with Mastercard's CipherTrace Armada platform, which is used to help banks monitor transactions from over 6,000 cryptocurrency exchanges to prevent fraud, money laundering, and other suspicious activities. (CNBC)
Mastercard partners with MoonPay to drive web3 innovation and strengthen consumer connections
MoonPay announced a partnership with Mastercard aimed at promoting web3 innovation and strengthening consumer connections. MoonPay and Mastercard will explore how Web3 tools can enhance experiential marketing (including Mastercard's famous sponsorship portfolio) to establish new ways of connecting with consumers. MoonPay will also integrate Mastercard's compliance-friendly cryptographic credential system and integrate Mastercard's payment technologies such as sending and clicking payments. In addition, Otherlife, a subsidiary of MoonPay that provides Web3 creative agency services, development, strategy, and experiential services, will play a key role in this collaboration. It is reported that Mastercard first partnered with MoonPay in 2022 as part of a plan to allow cardholders to purchase NFTs.
Mastercard is exploring partnerships with self-hosted wallet companies like MetaMask and Ledger
According to CoinDesk, payment giant Mastercard is exploring partnerships with wallet companies such as MetaMask and Ledger. Mastercard stated in their presentation that having a payment card can help wallet providers increase their active user base and establish loyalty and other sources of revenue, while also giving cardholders the opportunity to use their cryptocurrency balances in a frictionless manner.
Lightning Koffee Launches "The Bitcoiners Coffee" to Promote Bitcoin Adoption in Medellín, Colombia
Lightning Koffee, a start-up founded by José Luis Garcia in Medellín, Colombia, is promoting Bitcoin adoption through its locally sourced and processed coffee beans, known as "The Bitcoiners Coffee." The aim is to encourage locals to move away from the unpredictable Colombian peso and towards Bitcoin. While Lightning Koffee currently only accepts cryptocurrencies, Garcia plans to start accepting fiat payments through Mastercard and Visa, but will only accept Bitcoin as a cryptocurrency.
Mastercard Partners with Nuvei to Expand Cryptocurrency Business in Asia Pacific
Canadian fintech company Nuvei has partnered with credit card giant Mastercard to offer real-time payment services in the Asia-Pacific region. This partnership will enable Nuvei to use Mastercard Send to provide its customers in the Asia-Pacific region with real-time payment capabilities.
Mastercard Launches CBDC Partner Program with Ripple, Consensys, and Fireblocks to Learn from Key Players in Digital Currency Space
Mastercard has launched a new program to collaborate with key players in the central bank digital currency (CBDC) space. The global value of CBDCs is expected to grow to over $200 billion by 2030, with most transactions being domestic. Mastercard is teaming up with companies such as Ripple, Consensys, and Fireblocks to learn from each other. The author discusses the potential of electronic cash to provide a platform for new products and services, and Mastercard is working with industry partners to address questions about CBDC issuance, security, privacy, and interoperability.
Mastercard terminates card pilot programs with Binance in multiple countries
Binance is reducing its card partnerships, as Mastercard terminates its collaboration and the crypto exchange temporarily halts new applications for its Visa-supported European card. The card pilot programs with Mastercard in Argentina, Brazil, Colombia, and Bahrain will end on September 22, affecting only a small portion of users. Binance's co-branded card with Visa has also paused new applications for the EEA since July, but existing cardholders can continue to use and reorder their cards. <br>
Mastercard and Binance to End Crypto Card Programs in Four Countries
Mastercard and Binance will be discontinuing their four crypto card programs in Argentina, Brazil, Colombia, and Bahrain from September 22. The decision will not affect any other crypto card programs offered by Mastercard. The Binance cards allowed users to make payments in traditional currencies using their cryptocurrency holdings on the exchange. <br>
Mastercard Launches CBDC Partner Program with Ripple and Other Firms
Mastercard has launched the CBDC Partner Program, which aims to engage key players to drive CBDC innovation and efficiency. The program's inaugural partners include Ripple, Consensys, Consult Hyperion, Fireblocks, Fluency, Giesecke+Devrient, and Idemia. <br>
Mastercard Launches CBDC Partner Program with Ripple, Fireblocks, and Consensys
Mastercard has established a forum for industry players to discuss central bank digital currencies (CBDCs) and collaborate on their development. Mastercard's head of digital assets and blockchain, Raj Dhamodharan, stated that the program aims to encourage innovation and efficiency in the industry, and that interoperability across different payment methods is crucial for a thriving economy. <br>
