“MasterCard” cooperates with encrypted companies to expand the payment of stable currencies

MasterCard has announced new jobs for payments using stable currencies, with the aim of enabling consumers to spend these currencies and enable traders to receive them through its global network.

The company is cooperating with partnerships specialized in encryption and financial technology, such as OKX and Nuvei, to integrate stable currencies into traditional payments.

The initiative includes a comprehensive framework that covers the empowerment of the governor, the issuance of cards, the settlement of payments for merchants, and the cross -border financial transfers.

“We believe in the capabilities of stable currencies in facilitating payments and trade through various activities. Explore these capabilities is the essence of how we deal with a rapidly changed world, which gives individuals and companies more freedom by providing the options they deserve.”

Spending and settling payments in stable currencies

MasterCard will allow the possibility to spend stable currencies via traditional cards in cooperation with platforms such as Metamask, Kraken, Gemini, Bybit, Crypto.com, Binance, Monavate and Bleap, where users will be able to pay the value of their purchases using stable currencies stored in their digital portfolios in more than 150 million points of sale around the world.

The MasterCard Move platform allows stable currency withdrawals to bank accounts, and launched MasterCard in partnership with the OKX Card card, which will allow users to directly access to their encrypted assets.

This cooperation aims to integrate stable currencies into daily transactions by linking its platform for encrypted trading and its techniques in the field of web3 to the global payment network of MasterCard.

At the level of merchants, the settlement settlement will witness expansion through partnerships with Nuvei and Circle, where merchants will be able to receive their payments in stable currencies such as USDC issued by Circle regardless of the payment method used by customers, while similar settlement mechanisms support stable currencies issued by Paxos.

Improving user experience

To address the challenges associated with financial transfers using stable currencies, MasterCard provided the Crypto Credential service, and users of Wirex, Bit2me, Lirium, Notabene, Coins.PH and Mercado Bitcoin are able to send and receive digital assets using users names instead of long addresses. Complex, which enhances verification and transparency in cross -border transactions.

Master-Token Network (MTN), which connects bank accounts to the intended digital assets, allows its partners such as Oondo Finance to reach new digital financial tools. Financial institutions such as JPMorgan and Standard Charged have begun exploring stable currency applications and digital assets within their operations.

This expansion reflects the vision of MasterCard in making stable currencies a major tool in global payment operations, reinforcing the possibility of its widespread adoption in daily trade.