TLDR:

Mastercard simplifies crypto transfers with verified aliases on Polygon.
Say goodbye to complex wallet addresses with Mastercard’s Crypto Credential.
Verified aliases bring secure, easy crypto transfers to self-custody wallets.
Polygon leads the way as Mastercard rolls out Crypto Credential program.
Mastercard and Mercuryo make crypto transactions safer with human-readable IDs.

Mastercard is expanding its Crypto Credential program, bringing streamlined, verified usernames to self-custody crypto wallets. The initiative will allow users to send and receive cryptocurrencies using human-readable aliases, replacing the need for long, complex wallet addresses. The program’s first rollout will take place on the Polygon blockchain, with payments firm Mercuryo handling identity verification and issuing the aliases. This move aims to enhance the user experience and reduce errors in crypto transactions, while reinforcing security in digital token transfers.

Simplifying Self-Custody Wallet Transfers

Mastercard Crypto Credential makes it easier for users to engage in crypto transactions without the hassle of dealing with lengthy wallet addresses. The program uses verified aliases, a crucial feature for self-custody wallets, where users control their private keys. With the new system, users can link a human-readable alias to their wallet or request a soulbound token on Polygon, certifying their wallet’s ownership by a verified individual. This simplifies the transfer process and adds a layer of security that traditional wallet addresses cannot offer.

Mercuryo will verify each user’s identity. Upon verification, users will be able to link their verified alias to their self-custody wallets. This is in line with Mastercard’s commitment to making crypto transfers more user-friendly and secure. The partnership with Mercuryo highlights the growing demand for secure and accessible crypto solutions that do not compromise wallet sovereignty. The move aligns with Mastercard’s broader goal of simplifying digital currency use for everyday consumers.

Polygon Leads the Way with Mastercard’s Crypto Credential Rollout

Polygon will be the first blockchain to support the Mastercard Crypto Credential program, enabling seamless integration of verified aliases into self-custody wallets. The collaboration with Polygon marks a significant milestone in Mastercard’s strategy to drive adoption of its crypto program across various blockchain ecosystems. Marc Boiron, CEO of Polygon Labs, emphasized that this partnership simplifies the self-custody process. It helps make crypto more accessible and safer for users, ensuring that digital currency transfers function similarly to traditional payment methods.

This collaboration underscores the growing role of Polygon in Web3 and its appeal to financial institutions seeking to integrate blockchain technology into mainstream applications. By leveraging Polygon’s blockchain infrastructure, Mastercard aims to enhance scalability, speed, and security in crypto transactions. This rollout could set the standard for future integrations, as more blockchain networks follow Polygon’s lead in supporting Mastercard Crypto Credential.

Mastercard’s Ongoing Expansion into Crypto

The expansion of Mastercard Crypto Credential follows a series of strategic moves by Mastercard to enhance its position in the crypto space. Earlier in 2024, Mastercard launched its debit cards with Kraken, offering users across Europe easy access to digital assets. Additionally, the company has partnered with MetaMask to introduce self-custody payments cards, further demonstrating its commitment to simplifying cryptocurrency use for mainstream consumers.

These efforts align with Mastercard’s broader strategy of incorporating blockchain and digital assets into its financial services. As the crypto space matures, Mastercard’s Crypto Credential program could significantly impact how users interact with digital currencies. The program aims to make crypto more accessible, secure, and easy to use for everyday transactions.

 

The post Mastercard Partners with Polygon and Mercuryo to Simplify Crypto Transfers with Verified Aliases appeared first on CoinCentral.

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Filed under: News - @ November 18, 2025 1:35 pm