Polygon

Chainlink

<p>Crypto newcomers often struggle with wallet addresses because they are long, unreadable, and easy to misplace. That confusion can make even simple transactions feel risky. To ease the process, Mastercard is enhancing its Crypto Credential program so users of self-managed wallets can rely on short, verified aliases instead of traditional wallet strings. The aim is to make transfers more straightforward while reducing the likelihood of sending funds to the wrong address.</p><div class="in-brief"><div class="in-brief--container"><span class="in-brief--border-top"></span><span class="in-brief--border-bottom"></span><h2 class="in-brief--title" id="in-brief">In brief</h2><ul><li>Mastercard taps Polygon to simplify crypto transfers by replacing long wallet addresses with short verified aliases.</li><li>Polygon was selected for its fast, low-fee, payment-focused design that supports seamless transactions.</li><li>Users can obtain a soulbound token on Polygon to confirm ownership and strengthen trust in transactions.</li></ul></div></div><h2 id="h-mastercard-simplifies-wallet-addresses">Mastercard Simplifies Wallet Addresses</h2><p>Mastercard says its Crypto Credential framework creates a clear way to confirm <a href="https://www.cointribune.com/en/tag/blockchain-technology-en-2/" rel="noopener noreferrer nofollow">blockchain</a> addresses by using simple identifiers connected to verified individuals. This lets users move away from long, difficult address strings and rely instead on names that link back to confirmed wallet owners. The setup works in a similar way to common payment apps, where sending money only requires a recognizable username rather than full account details.</p><div class="my-4"><div class="ads "></div></div><div class="affiliate-button"><a class="affiliate-button__link" href="https://www.bybit.eu/en-EU/sign-up?affiliate_id=133743" rel="noopener noreferrer nofollow">Start your crypto adventure safely with Bybit</a><a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a></div><p>To implement this system, Polygon will serve as the first blockchain for the rollout. The network was chosen for its focus on payments, fast settlement, and very low fees. User verification and alias assignment are <a href="https://cointelegraph.com/news/mastercard-crypto-credential-polygon-self-custody-wallet-aliases" rel="noopener noreferrer nofollow">managed by Mercuryo</a>, and once a user completes the process, the alias is linked to their self-custody wallet, making transactions simpler and more reliable. Users can also obtain a soulbound token on Polygon, confirming that the wallet belongs to a verified individual.</p><div class="tweet"><blockquote class="twitter-tweet"><a href="https://twitter.com/0xPolygon/status/1990721720978976958?s=20?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow"></a></blockquote></div><h2 id="h-enhancing-usability-and-trust-in-crypto-transfers">Enhancing Usability and Trust in Crypto Transfers</h2><p>Raj Dhamodharan, Mastercard’s Executive Vice President for Blockchain and Digital Assets, explained that the program is intended to strengthen trust in crypto transfers by making wallet details easier to navigate and by offering clear identity verification. He emphasized that<em> “bringing Mercuryo and Polygon’s capabilities together with our infrastructure makes digital assets more accessible and reinforces Mastercard’s commitment to delivering secure, intuitive, and scalable blockchain experiences for consumers worldwide.”</em></p><p>Building on that focus on user experience, Marc Boiron, CEO of Polygon Labs, emphasized that the partnership also makes self-custody wallets easier to use for everyday users.&nbsp; This improvement helps reduce friction in wallet management and encourages more people to take control of their assets directly on-chain.</p><h2 id="h-mastercard-s-broader-crypto-activity">Mastercard’s Broader Crypto Activity</h2><p>Mastercard has been steadily expanding its involvement in the digital asset space. In June, Mastercard <a href="https://www.prnewswire.com/news-releases/chainlink-and-mastercard-partner-to-enable-over-3-billion-cardholders-to-purchase-crypto-directly-onchain-302489729.html" rel="noopener noreferrer nofollow">partnered with Chainlink</a> to provide cardholders with a reliable way to purchase crypto directly on-chain. The setup lets users convert fiat currency into digital assets through a protected process, giving buyers added confidence in their transactions.</p><p>Earlier, in May, Mastercard formed another partnership with MoonPay. That initiative opened the door for stablecoin payments at more than 150 million merchants worldwide. Under this arrangement, users of crypto wallets can access virtual Mastercards that transact using <a href="https://www.cointribune.com/en/tag/stablecoin-en/" rel="noopener noreferrer nofollow">stablecoins</a>, giving them a way to spend digital currencies through familiar commercial channels.</p>

Mastercard Selects Polygon to Simplify Crypto Wallet Addresses with Verified Names

Table of Contents

Cointribune EN

Other articles published on Nov 19, 2025

Li Lin Leads $1 Billion ETH Trust With Asia’s Ethereum Pioneers

Cathie Wood Boosts Crypto Exposure With New Buys in Coinbase, Circle and Bullish

Bitcoin ETF Outflows, Solana ETF Launch, Hong Kong Crypto Reform & BTC Supply Milestone

Breakout or Breakdown: Is SPX6900 (SPX) Approaching a Critical Threshold for a Bullish Escape or ...

Shocking FTX Creditor Allegations Reveal Blocked Billion-Dollar Rescue Bids

Ethereum Technical Update: Price Reached $3K and Now Eyes Long-Term Growth To $15K

Join our free newsletter for daily crypto updates!