The post Mastercard launches crypto solution for traders in UAE and Kazakhstan appeared on BitcoinEthereumNews.com.

Mastercard has launched Crypto Credential in the UAE and Kazakhstan to allow crypto exchange users to send and receive cryptocurrencies using simple aliases instead of complex blockchain addresses. The solution is making its debut in Eastern Europe, Middle East and Africa. The solution is facilitated through Mastercard’s partnerships with key exchanges and providers in the region. It also helps verify transactions among consumers and businesses using blockchain networks, providing the assurance that a user has met a set of verification standards and confirming that the recipient’s wallet supports the transferred asset. Mastercard expects Crypto Credential to bring greater trust and certainty to crypto transactions based on the exchange of metadata and Travel Rule information. CoinMENA, a regulated crypto exchange in the UAE, and Fuze, also regulated by VARA in Dubai UAE have partnered with MasterCard for this solution. ATAIX Eurasia and Intebix in Kazakhstan are also involved in the launch. “It is exciting to see Mastercard embracing blockchain technology and moving on-chain. Innovations like Mastercard Crypto Credential program are key to building trust and making digital assets more accessible and user-friendly, especially for joiners from traditional finance,” said Talal Tabba, the CEO of CoinMENA. Gaurang Shah, the Executive Vice President and Head of Core Payments EEMEA, Mastercard, also spoke about Crypto Credential. He said, “As the cryptocurrency landscape continues to mature, we’ve been laser focused on developing innovative services and capabilities that help make crypto more accessible and secure, streamline the transaction process and enhance trust in the ecosystem. In bringing Mastercard Crypto Credential to the EEMEA region, we’re delivering on our vision to increase and instill trust in blockchain technology while also transforming the way that people interact with digital assets.”  How Mastercard’s Crypto Credential works  Mastercard Crypto Credential was introduced to be a simpler alternative for crypto transactions.…

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Filed under: News - @ January 9, 2025 12:24 pm