Future

Rule

Secure

<h4><strong>This innovation, simplifying and securing blockchain transactions, is live on Bit2Me, Lirium, and Mercado Bitcoin.</strong></h4> 
<p>These platforms now facilitate straightforward and secure blockchain transactions between Latin American and European corridors. Let’s see more about credential aliases.</p> 
<h5><strong>Crypto Transactions Made Easy and Secure</strong></h5> 
<p>According to its <a href="https://www.mastercard.com/news/press/2024/may/mastercard-crypto-credential-goes-live-with-first-peer-to-peer-pilot-transactions-adds-new-partners-to-the-ecosystem/" target="_blank" rel="noopener">blog post</a>, this new feature is available to users in Argentina, Brazil, Chile, France, Guatemala, among many other countries. It enables cross-border and domestic transfers across various currencies and blockchains, making transactions more accessible.</p> 
<p>Also, Foxbit, a crypto wallet provider, has joined this initiative by expanding its reach to even more consumers. Additionally, Lulubit users will also gain access via Lirium, expanding the reach of simplified crypto transactions.</p> 
<p><img decoding="async" class="wp-image-141721 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/xcvbvcnbvmnbmn-300x278.png" alt="" width="442" height="410" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/xcvbvcnbvmnbmn-300x278.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/xcvbvcnbvmnbmn.png 393w" sizes="(max-width: 442px) 100vw, 442px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/mastercardnews/status/1795812231407349887?s=43" target="_blank" rel="noopener">X</a></strong></h6> 
<p>Mastercard Crypto Credential is designed to verify interactions between consumers and businesses on blockchain networks. It ensures that users meet specific verification standards and confirms that the recipient’s wallet supports the transferred asset. By exchanging metadata, Mastercard Crypto Credential simplifies knowing which assets or chains recipients support. This brings more trust and certainty to these transactions.</p> 
<p>One of the key features of Mastercard Crypto Credential is its support for the exchange of Travel Rule information for cross-border transactions. The <a href="https://www.elliptic.co/blockchain-basics/what-is-the-travel-rule#:~:text=The%20Travel%20Rule%20requires%20financial,payments%20above%20a%20certain%20threshold." target="_blank" rel="noopener">Travel Rule</a> is a regulatory requirement designed to ensure transparency and prevent illegal activities in the crypto space. By supporting this rule, Mastercard Crypto Credential not only enhances transaction security but also aligns with global regulatory standards.</p> 
<p><iframe title="Mastercard Crypto Credential goes live with first peer-to-peer pilot transactions" width="696" height="392" src="https://www.youtube.com/embed/v6Sb2Fa-NJs?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p> 
<p>The peer-to-peer (P2P) transaction capability is just the beginning of the potential applications for Mastercard Crypto Credential. Future use cases may include <a href="https://www.altcoinbuzz.io/?s=NFTs" target="_blank" rel="noopener">NFTs</a>, ticketing, and various payment solutions, depending on market demands and compliance requirements.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="alignnone size-full wp-image-123700" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg" sizes="(max-width: 1197px) 100vw, 1197px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1068x132.jpg 1068w" alt="" width="1197" height="148"></a></p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/mastercard-simplifies-crypto-with-credential-aliases/">Mastercard Simplifies Crypto with Credential Aliases</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Mastercard Simplifies Crypto with Credential Aliases

Altcoin Buzz

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